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.

When would it be worth $20 thousand?
A) 2003
B) 2004
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.

When would it be worth $20 thousand?
A) 2003
B) 2004
C) 2008
D) 2012 @Mathematics

Answer 1

please help!

Answer 2

A

Answer 3

3 years

Answer 4

yeah a

Answer 5

Same question as before but here it goes:\[20000=14000*(1.12)^t\]t=3.1 years. So, B.

Answer 6

after 3 yrs the price will be $ 19668.992

Answer 7

agreed

Answer 8

which is less than $20,000

Answer 9

yes less than 20000$

Answer 10

This is a poorly written question by whoever wrote it. My sympathies....

Answer 11

haahhahaha................yes u r ryt eseidl

Answer 12

But yeah...it will be worth $20,000 within the year 2003...so pick A

Answer 13

lol i agree on that too it don't make sense to me : /!

Answer 14

okay thank u guys!!!