1981 AHSME Problems/Problem 13: Difference between revisions
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==Problem== | ==Problem== | ||
Suppose that at the end of any year, a unit of money has lost 10% of the value it had at the beginning of that year. Find the smallest integer <math>n</math> such that after <math>n</math> years, the money will have lost at least <math>90%</math> of its value (To the nearest thousandth <math>log_{10}^{3}=0.466</math>). | Suppose that at the end of any year, a unit of money has lost 10% of the value it had at the beginning of that year. Find the smallest integer <math>n</math> such that after <math>n</math> years, the money will have lost at least <math>90\%</math> of its value (To the nearest thousandth <math>log_{10}^{3}=0.466</math>). | ||
<math>\textbf{(A)}\ 14\qquad\textbf{(B)}\ 16\qquad\textbf{(C)}\ 18\qquad\textbf{(D)}\ 20\qquad\textbf{(E)}\ 22</math> | <math>\textbf{(A)}\ 14\qquad\textbf{(B)}\ 16\qquad\textbf{(C)}\ 18\qquad\textbf{(D)}\ 20\qquad\textbf{(E)}\ 22</math> | ||
Revision as of 23:05, 7 September 2024
Problem
Suppose that at the end of any year, a unit of money has lost 10% of the value it had at the beginning of that year. Find the smallest integer 
such that after years, the money will have lost at least 
of its value (To the nearest thousandth 
).
