Answer:
Option A; 74.3 feet
Step-by-step explanation:
~ Here we can see that this problem is set to be so that compound interest is applied ~
1. If compound interest is to be applied, it would be that the "20 percent" is the interest, the principle number ( start value ) ⇒ 12 feet in height, and the time is 10 years.
2. Let us approach this problem step by step. Instead of substiting values into a compound interest formula, let us simply attempt a variation of that process...
3. 20 percent is, in a decimal form, ⇒ 0.2
4. Now add 1 to this value 0.2, to get ⇒ 1.2
5. If we were to consider the formula, 1.2 would first be exponentially multiplied by itself 10 time, considering that it is to the power of 10 years. In other words ⇒ 1.2^10 = 6.191736422..........
6. Now let us multiply this infinite value 6.19...... by the principle quantity 12 feet ⇒ 6.191736422.......... * 12 = <em>(About) 74.30083707.......</em>
7. If we were to round this value, it would be to ⇒ 74.3 feet, or in other words the first option; <em>Option A</em>
