Question

Tony purchased a rare 1959 Gibson Les Paul guitar in 2000 for $14 thousand. Experts estimate that its value will increase by 12% per year.
If this model remains true, when will the value of the guitar be worth $60 thousand?
A) 2002
B) 2013
C) 2008
D) 2012 Tony purchased a rare 1959 Gibson Les Paul guitar in 2000 for $14 thousand. Experts estimate that its value will increase by 12% per year.
If this model remains true, when will the value of the guitar be worth $60 thousand?
A) 2002
B) 2013
C) 2008
D) 2012 @Mathematics

Answer 1

please help!!

Answer 2

B

Answer 3

\[60000=(14000)(1.12)^t\]\[4.28=1.12^t\]\[\log_{10} 4.28/\log_{10}1.12=t\]\[t=12.8\]So, yeah, B

Answer 4

Thank u!!!! SO MUCHHHH!!

Answer 5

np :)

Answer 6

^ ^.!

Answer 7

Actually given our debate on the other question...the answer here shopuld be 2012. In t=12.8 years the value is $60,000 which is within the year 2012. Pick D