Question

1. The cost of an antique vase increases by 6%
every year. If its price is 2,500, what will
be its price after 3 years?​

Answer 1

Step-by-step explanation:

6% of 2500=6×25=150

2500+3(150)=2500+450=2950

Answer 2

Answer:

the rate of increase= i = 6%

no.of years =n= 3

value at the end of 3 years = A

P = value at the beginning = 2500

P(1+i)^n = A

2500(1+6/100)^3= A

2500(1+0.06)^3 = A

2500(1.06)^3= A

2500(1.191) = A

A = 2977.5

A= 2977.5= price after 3 years