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02.12.2019 •
Mathematics
Tom bought his fiancée marie a 3800 diamond engagement ring marie discovers that the value of the ring appreciates 4% each year what is the value of the ring after 4 years
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Ответ:
Value of ring after four years with appreciation of 4 % each year is 4445.46
Solution:Given that
Tom bought his fiancée Marie a 3800 diamond engagement ring
Marie discovers that the value of the ring appreciates 4% each year
Need to determine value of ring after four years
Initial value of the ring = 3800
Appreciation of 4% in value means 4% increase
After 1 years , value increases by 4% which means
Value after 1 year = Initial value of the ring + 4% of Initial value of the ring
After 2 years, value increases by 4% of Value after 1 year which means
Value after 2 years = Value after 1 year + 4% of Value after 1 year
After 3 years, value increases by 4% of Value after 2 years which means
Value after 3 years = Value after 2 years + 4% of Value after 2 years
After 4 years , value increases by 4% of Value after 1 year which means
Value after 4 years = Value after 3 years + 4% of Value after 3 years
Value of ring after four years with appreciation of 4 % each year is 4445.46
Ответ: