Status: Waiting for your answers. Problem: A small diamond will appreciate in value at a 3.9% annual rate. Currently, it is worth $2100. When will its value be $3780? Calculate the time (to the nearest tenth in years) by using this formula.A = a(1 + r)t Solution: = ( 1 + )t = ( )t = ( )t log = t ≈ t
Calculate the time (to the nearest tenth in years) by using this formula.