arithmeical problmes

Q;The value of an antique art piece appriciates each year by 12% of is value at the beginning of the year.if this art piece costs $22800 in january,what is its value at the end of 3 years?

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By January the following year (the 2nd year), it will be worth 22800+0.12×22800=22800×1.12.

By January the next year (the 3rd year), it will be worth 22800×1.122, and by December 31 of the 3rd year it will have risen to 22800×1.123=$32,032.36.

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