A limited-edition poster increases in value each year with an initial value of 18 dollars After 1 year and an increase of 15 percent per year, the poster is worth 20 point 7 0 dollars Which equation can be used to find the value, y , after x years? (Round money values to the nearest penny.)
Answer
A
y is equal to 20 point 7 times 0 point 1 5 to the x th power
B
y is equal to 18 times 0 point 1 5 to the x th power
C
y is equal to 18 times 1 point 1 5 to the x th power
D
y is equal to 20 point 7 times 1 point 1 5 to the x th power