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

Value of ring after four years with appreciation of 4 % each year is 4445.46

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

the answer is 844

step-by-step explanation:

it is 844 because if you add 836.50 + 7.5 you will get 844

answer: do we write it

step-by-step explanation: