document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=78408>Question 78408</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I need help with a story problem.<BR>\n" );
document.write( "A diamond is purchased for $2500.  Suppose it increases 5% in value each year.  Find the value after 8 years.  \r<BR>\n" );
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document.write( "Thanks. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #56235 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=56235\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A diamond is purchased for $2500. Suppose it increases 5% in value each year. Find the value after 8 years. <BR>\n" );
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document.write( "Each year its value is multiplied by (1 + 0.05) = value + 5%(value)<BR>\n" );
document.write( "2500(1.05)^8 = $3693.64<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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