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28 May, 15:28

The value of a precious gem stone has increased at a rate of 105% each year. If the gem"s value started at $10 in 1995, How much is it worth in 2014?

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  1. 28 May, 18:26
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    2,014-1,995=19years

    A=10 * (1+1.05) ^ (19)

    A=8,381,531.09
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