Mathematics, 22.04.2020 02:02 soccergirl88821

A diamond ring increases in value at a rate of 5% per year. If the ring was purchased for $1200, which equation would calculate how much will it be worth in 30 years?
Would it be
A - y = 1200(1+.05)^30
B - y = 30(1+.05)^1200
C - y = .05(1+1200)^30

Answers: 3

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A diamond ring increases in value at a rate of 5% per year. If the ring was purchased for $1200, which equation would calculate how much will it be worth in 30 years? Would it be A - y = 1200(1+.05)^30 B - y = 30(1+.05)^1200 C - y = .05(1+1200)^30

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Other questions on the subject: Mathematics

Questions in other subjects:

A diamond ring increases in value at a rate of 5% per year. If the ring was purchased for $1200, which equation would calculate how much will it be worth in 30 years?
Would it be
A - y = 1200(1+.05)^30
B - y = 30(1+.05)^1200
C - y = .05(1+1200)^30