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You buy an autographed jersey for $55. The value of the jersey is expected to increase by 8% each year. How long will it take the jersey to double in value? Round your answer to the nearest whole number.
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You buy an autographed jersey for $55. The value of the jersey is expected to increase by

8% each year. How long will it take the jersey to double in value? Round your answer to the nearest whole number.

User Dunxd
by
8.1k points

1 Answer

5 votes

Answer:

It will take $69 to double in value.

Explanation:

You divide 55 by 8% and you add 25%.

User Vijay Kumawat
by
8.2k points
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