Question

5
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

Answer:

2977.54

Step-by-step explanation:

2500(1.06)^3 =2977.54

Answer 2

Step-by-step explanation:

Present price = 2500

Present price = 2500Annual increase in price = 6%

Present price = 2500Annual increase in price = 6%Increase in first year = (6/100)*2500 = Rs 150

So, Price after first year = 2500 + 150 = Rs 2650

Increase in second year = (6/100)*2660 = Rs 159

Price after second year = 2650 + 159 = Rs 2809

Increase in third year = (6/100)*2809 = Rs 168.54

Price after third year = Rs 2809.00 + 168.54 = Rs 2977.54

Answer : Hence,its price after 3 years is Rs 2977.54