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The price of gold has increased by 35% per year from 2000. In the year 2000, Harry bought a gold ring for $590. Which of the following equations can be used to represent the price of the ring x years after 2000?

y = 590(1.35)x
y = 590(0.65)x
y = 35(0.41)x
y = 35(1.59)x

Respuesta :

Answer:

y = 590(1.35)x

good luck

Answer:

Option first is correct.

Step-by-step explanation:

Here cost of gold ring in 2000  was = $590

Each year increase  = 35%  

in decimals  = 0.35

therefore cost after increase will be 1+0.35 = 1.35 of initial that is

                                                 

after 2 years =   [tex]590(1.35)^2[/tex]

likewise after 3 years =[tex]590(1.35)^3[/tex]

Similarly after x years it will be = [tex]590(1.35)^x[/tex]

Option 1 is correct!

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