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Jeremy bought a painting in 2005 for $350. It is estimated that the value of the painting will increase by 12% each year. In what year does the value of the painting exceed $100…

Jeremy bought a painting in 2005 for $350. It is estimated that the value of the painting will increase by 12% each year. In what year does the value of the painting exceed $100…
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Jeremy bought a painting in 2005 for $350. It is estimated that the value of the painting will increase by 12% each year. In what year does the value of the painting exceed $1000?

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User Shogunivar
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1 Answer

2 votes
It will take about 10 years for the price to exceed that.
answered
User Dalton Conley
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