URGENT Algebra 1 Question

Question

The present value of an antique is $200. The value of the antique 4 years ago was $189.50 and increases every year by a constant factor, p. Which equation represents the scenario correctly?

A. 200(4)^p = 189.50

B. 200(p)⁴ = 189.50

C. 189.50(4)^p = 200

D. 189.50(p)⁴ = 200

Answer 1

D)

general formula is the same as for compound interest or growth

A=P(1+r)^t

where A= 200

P = 189.5

t = 4

1+r = p

200 = 189.5(p)^4