Question

The value of an autographed baseball from 2017 is $300. The value of the baseball exponentially increases by 5% each year after 2017. Write a one-variable inequality that could be used to solve for the number of years, x, it would take for the baseball to be worth at least $650.

Do not use any dollar signs in the inequality. Write the inequality in standard form.

Answer 1

General exponential equation
y = A(1+r)^x
where
A = initial value
r = rate increase (+) or decrease (-)
x = time period of the change
y = projected value

y = 300(1.05)^x
in this problem, x = years after 2017
we want to find an x that makes the value more than or equal to 650

650 <= 300(1.05)^x