You have inherited a diamond ring that had an appraised value of $2500 in 1970. The appraised value has increased by approximately 6$ per year. What will be the value in 2010?

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Webdma · Answer 1 · 2016-09-06T11:18:22+0000

2010 is 40 years after 1970, so the value increases by $6*40=$240. The initial value is $2500, so adding $240 to that, we get $2740 as the 2010 value.

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You have inherited a diamond ring that had an appraised value of $2500 in 1970. The appraised value has increased by approximately 6$ per year. What will be the value in 2010?

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