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12-09-2022
Mathematics

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A diamond is purchased for $ 2500 . Suppose its value increases 5 % each year.
a. What is the value of diamond after 8 years?

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focusrs05 focusrs05

12-09-2022

Answer:

$3500

Step-by-step explanation:

x = value of diamond with an increase of 5% every year for 8 years

x= 2500(0.05)

x= 125(8)

x = 1000

2500 + 1000 = $3500

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