Mathematics, 15.07.2020 18:01 llewis2731
It is predicted that garden gnome value will go up by 2% each year, forming a geometric progression. Jean-Claude has a garden gnome currently valued at £80,000. If the rate of inflation is correct:
a) What will Jean-Claude's gnome be worth after 1 year?
b) What is the common ratio of the geometric progression?
c) What will Jean-Claude's gnome be worth after 10 years?
d) It will take k years for the value of Jean-Claude's gnome to exceed £120,000. Find k.
Answers: 3
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It is predicted that garden gnome value will go up by 2% each year, forming a geometric progression....
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