单选题On January 1, 1993, Geraldine purchased a rare stamp for $300. The value of the rare stamp increased by 15 percent each year. If Geraldine decided to sell the stamp on January of the first year in which its value had at least doubled since she purchased it, then in which year did Geraldine sell the stamp?A1996B1997C1998D1999E2000

单选题
On January 1, 1993, Geraldine purchased a rare stamp for $300. The value of the rare stamp increased by 15 percent each year. If Geraldine decided to sell the stamp on January of the first year in which its value had at least doubled since she purchased it, then in which year did Geraldine sell the stamp?
A

1996

B

1997

C

1998

D

1999

E

2000


参考解析

解析:
假设过了y年,邮票的价值为S(y)=300×(1.15)y,经计算y=4时,S(y)<600,y=5时,邮票的价格大约为603美元,是原来的价格的两倍,所以1998年,Geraldine将邮票售出。

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