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11-12-2018
Mathematics

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Berto invested in a precious mineral. The value of the mineral tends to increase by about 11% per year. He invests $40,000 in 2015.

How much more will his investment be worth in 2020?

Enter your answer in the box.

Round to the nearest whole dollar.

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fatemehkorea fatemehkorea

11-12-2018

Answer:

$60,000

Step-by-step explanation:

2020 - 2015 = 5

11% × 5 = 55% → Increase in percentage in 5 years

By 2020, he will earn $ 20,000

$40,000 + $20,000 = $60,000

In 2020, he has $ 60,000

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