Question
According to www.statista.com article on per carat diamond prices: In 1960, the average price for such a diamond stood at some 2,700 U.S. dollars. Since
According to www.statista.com article on per carat diamond prices:
In 1960, the average price for such a diamond stood at some 2,700 U.S. dollars. Since then, the diamond price has increased more than tenfold, to 29,650 U.S. dollars in 2015.
If the price for per carat diamond continues rising at the same average annual rate, at which it's been increasing between 1960 and 2015, the price in 2100 will be $_____________________________
(Increase decimal places for any intermediate calculations, from the default 2 to 8 or even higher. Only round your final answer to TWO decimal places: for example, 10,000.23.)
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