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5. 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 much will the ring be worth in twenty-one years?
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5. 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 much will the ring be worth in twenty-one years?

User Lintmouse
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1 Answer

1 vote

Answer:

$13,308

Step-by-step explanation:

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

User Willem Evertse
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