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March 6, 2015

Homework Help: math

Posted by m on Wednesday, January 12, 2011 at 11:29am.

Using the formula v=20(1.222)^t and v is the value and t=0 which is the year 1971. What year will the set be worth 1500?

I input this into the formula to get
1500=20(1.222)
The 20(1.222) is 24.44 not sure how to figure out the year. I believe I just add the 24 years to 1971 to get 1995 but not sure about that.

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