Mathematics, 16.07.2019 20:30, nnamdi

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.

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It is predicted that garden gnome value will go up by 2% each year, forming a geometric progression....