Question

The price of gold has increased by 35% per year from 2000. In the year 2000, Harry bought a gold ring for $590. Which of the following equations can be used to represent the price of the ring x years after 2000?
y = 590(1.35)x
y = 590(0.65)x
y = 35(0.41)x
y = 35(1.59)x

Answer 1

Answer:

y = 590(1.35)x

good luck

Answer 2

Answer:

Option first is correct.

Step-by-step explanation:

Here cost of gold ring in 2000  was = $590

Each year increase  = 35%  

in decimals  = 0.35

therefore cost after increase will be 1+0.35 = 1.35 of initial that is

                                                 

after 2 years =   $590(1.35)^2$

likewise after 3 years =$590(1.35)^3$

Similarly after x years it will be = $590(1.35)^x$

Option 1 is correct!