Question

How much will the guitar be worth in 10 years?

Answer 1

Answer: $44,487

Explanation:

To solve this, substitute t (the variable for time in the equation) with 10 to represent the value of the guitar after 10 years.

`V = 12000(1.14)^(10)\\V = 12000*3.7072\\\\V = 44487`

The guitar will be worth $44,487 in 10 years.

Answer 2

$44487

Explanation:

If you plug in 10 for t, you are left with the following equation:

`V=12000(1.14)^(10)=12000\cdot 3.7072\approx 44487`. Hope this helps!