I need help with a story problem.
A diamond is purchased for $2500. Suppose it increases 5% in value each year. Find the value after 8 years.


Thanks.

• formula will be
  value after n years= p(1-r%/100)^n
  n=years
  p=present value
  r=rate
• 9 years agoHelpfull: Yes(0) No(0)
• P(1+R/100)^N
• 9 years agoHelpfull: Yes(0) No(0)