The value of a precious gem stone has increased at a rate of 120% each year. If the gems's value started at $50 in 1920, how much will it be worth in 2008?

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asked Feb 12, 2018 17.8k views

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Kevin Machado · Answer 1 · 2018-02-17T20:53:20+0000

Well first things first
You just subtract 2008-1920 to see how much the year gap is between the increasing percentage of the value of the gem
2008-1920=88
Then we must multiply 120x88
120x88 gives us a value of $105,60
Hoped this helped

The value of a precious gem stone has increased at a rate of 120% each year. If the gems's value started at $50 in 1920, how much will it be worth in 2008?

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