Mrs Gibson had been thinking of buying a diamond necklace. She first tried buying it 13 years ago but thought it was too expensive. The same necklace is now worth $5,500. If the value of the necklace has increased at an annual rate of 5%, how much was it selling for when she first tried to buy it? (Round your answer to 2 decimal places.) $ Number
Mrs Gibson had been thinking of buying a diamond necklace. She first tried buying it 13 years ago but thought it was too expensive. The same necklace is now worth $5,500. If the value of the necklace has increased at an annual rate of 5%, how much was it selling for when she first tried to buy it? (Round your answer to 2 decimal places.) $ Number
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 3PT: Drew wants to save 2,500 to go to the nextWorld Cup. To the nearest dollar, how much willhe need to...
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