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1981 AMC 12 Question 13

AMC12 · 1981 AMC 12

Question 13

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 $n$ such that after $n$ years the unit of money will have lost at least $90\%$ of its value. (To the nearest thousandth $\log_{10}3$ is $0.477.$)
  1. $14$
  2. $16$
  3. $18$
  4. $20$
  5. $22$