Beckett purchase the diamond ring in 2012 for $12,000 if the value of the rain increases by 32% each year what will the ring be
1 answer:
Answer:
$119520
Step-by-step explanation:
Given: Purchase price of Diamond ring= $12000
Value of ring increase by 32% each year.
First finding number of year between 2012 and 2040, to know the time period of value appreciation.
Time period=
∴ Time period of value appreciation is 28 years.
Now, finding the value of diamond ring increased after 28 years.
Value of ring increased after 28 years=
∴ Increased value of diamond ring after 28 years= $107520
Next, Value of diamond ring after 28 years=
Hence, value of diamond ring in 2040 is $119520
You might be interested in
Answer:
84,375 m^2
Step-by-step explanation:
We need to find the surface area of the pyramid. The pyramid can be divided into 4 triangles and one square (the bottom).
Area of a triangle is 1/2*b*h where b is the base of the triangle and h is the height.
Area of a square is length times width.
Total area =
Answer:
(A)Decay
(b)0.8
(c)First Term
(d)
(e)$819.20
Step-by-step explanation:
The exponential function for modelling growth or decay is given as:
,
Where:
Plus indicates growth and minus indicates decay.
For a powerful computer that was purchased for $2000, but loses 20% of its value each year.
(a)Since it loses value, it is a decay.
(b)Multiplier
Its value decays by 20%.
Therefore, our multiplier(1-r) =(1-20&)=1-0.2
Multiplier =0.8
(c)$2000 is our First term (or Initial Value )
(d)The function for this problem is therefore:
(e)Since we require the worth of the computer after 4 years,
t=4 years