Mathematics, 22.04.2021 01:00 davidchafin59245

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, whi...