Question

Investment A 50 increases each year by 8% investment B 60 increases by 3 each year what year will investment A be bigger than be bigger than investment B

Answer 1

Answer:

After 10 years the investment A will be bigger than investment B.

Step-by-step explanation:

In Investment A, 50 increases each year by 8% and in investment B, 60 increases by 3 each year.

If after x years the investment A will be equal to investment B, then we can write the equation as

$50(1 + \frac{8 \times x}{100}) = 60 + 3x$

⇒ 50 + 4x = 60 + 3x

⇒ x = 10

Therefore, after 10 years the investment A will be bigger than investment B. (Answer)