Answer:
$2284.6
Step-by-step explanation:
Given data
Principal= $200
Rate= 7%
Time= 1980-2016= 36 years
The expression for the exponential model is given as
A= P(b)^t
b=1+r-----------because will are dealing with increase
A= P(1+r)^t
A=200(1+0.07)^36
A= 200(1.07)^36
A= 200*11.423
A=$2284.6
The value of the card is $2284.6
