Answer:
Step-by-step explanation:
54 gold bond in 1934, worth 2500 troy ounces per gold
Price of gold $350 per troy ounce
Value of bond grew from the year 1954 when Germany divided
Value = Initial value × 1.00019365t,
Value of the bond in t=2014
The time is t=2014-1954=60years
a. If initial bond is 54
Then,
Value = Initial value × 1.00019365t,
Value= 54×1.00019365×60
Value=3240.63bonds
So the bond in 2014 is 3240.63 bonds
b. If the bond remains to 2028
Then the time elapse is
t=2028-1954=74years
Therefore
Value = Initial value × 1.00019365t,
Value = 54 × 1.00019365×74
Value =3996.77 bonds
Since each bond is 2500 troy ounces
Then, 3996.77bonds is equivalent to 9,991,934.56 troy ounces
And also 1 troy ounces is equivalent to $350
Then
The value of the golds in 2028
Is 9,991,934.56×350 =$3,497,177,097.225
Then, the value is 3.497billions dollars
Which is approximately 3.50 billions dollars
