The sales of vinyl records have increased due to a revived popularity. In the year 2012, 50,000 records were sold. Every following year, the number of records sold were 1.1 times the number of records sold the previous year.

Question

How many vinyl records were sold in 2016?

A.
88,578 records
B.
68,368 records
C.
73,205 records
D.
80,525 records

Answer 1

To find out how many vinyl records were sold in 2016, we start with the number of records sold in 2012, which was 50,000. The sales of records increase by a factor of 1.1 each year.

Let's calculate the number of records sold for each year from 2013 to 2016.

1. 2013: \[ \text{Records sold} = 50,000 \times 1.1 = 55,000 \]

2. 2014: \[ \text{Records sold} = 55,000 \times 1.1 = 60,500 \]

3. 2015: \[ \text{Records sold} = 60,500 \times 1.1 = 66,550 \]

4. 2016: \[ \text{Records sold} = 66,550 \times 1.1 = 73,205 \]

Thus, the number of vinyl records sold in 2016 is 73,205 records.

The answer is: C. 73,205 records.