Question

A tree grows 20 percent taller every year after it is planted. The tree was 12 feet tall when planted. How tall will it be after 10 years?
a.) 74.3 feet
b.) 120 feet
c.) 144 feet
d.) 146.3 feet

Answer 1

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 = (About) 74.30083707.......

7. If we were to round this value, it would be to ⇒ 74.3 feet, or in other words the first option; Option A