246,056 views
11 votes
11 votes
Amy bought a diamond ring for $6,000. If the value

of the ring increases at a constant rate of 5.8% per
year, how long will it take for the ring to be worth
$19,000?
Show work

User Serch
by
2.7k points

2 Answers

29 votes
29 votes

Answer:

54 3/4 years

Explanation:

5.8% of 6,000= 348

348x54 3/4=19,053

hope it helps!

User Joep
by
2.8k points
16 votes
16 votes

Answer: $13,308

5.8% of 6000 is 348. 348 times 21 is $7,308. add 6,000 to 7,308 and you get $13,308

Step-by-step explanation: amy likes cheap rings LOL

User Martin Hyldahl
by
2.5k points