An antique collectible has a value of $235 right now. It will increase in value by 9% each year. Find the value the collectible after 16 years, A.$2115 B. $1017 C.$856 D.933

Step-by-step explanation: An antique collectible has a value of $235 right now. It will increase in value by 9% each year. Find the value the collectible after 16 years, A.$2115 B. $1017 C.$856 D.933

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!

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step-by-step explanation: