You inherited land that was purchased for $30,000 in 1960. The value of the land increases by approximately 5% per year. What will be the approximate value of the land 61 years later in 2021? * 1 point

$121,500

Step-by-step explanation:

If the value increases by 5% every year, then in 61 years  it will increase by

5% * 61 years = 305%

301% of %30,000  is $91,500

$(30,000 + 91,500)

= $121,500

c

step-by-step explanation:

option a is correct.

step-by-step explanation:

scale factor: it is used to find proportional measurements.

proportions means having the same ratio.

scale factor is the ratio of the model measurement to the actual measurement in a simplest form.

or we can say that the ratio of any two corresponding lengths in two similar geometric figures

if the scale factor is more than 1, then it is an enlargement,

if the scale factor less than 1, then it is a reduction.

given the two geometric figure:

by definition of proportions, we have