Question

You purchased an investment for $5000 that gains 11% in value every year.

Answer 1

Answer:

$111,000

Step-by-step explanation:

$5,000+11%= $5,550

$5,550×20= $111,000

Hope this helps. :)  

Answer 2

Answer:

After 20 years the investment will be worth 11,000$

Step-by-step explanation:

in order to solve the problem you have to turn the percent into a decimal by moving the percent sign twice to the left. which will result in ".11"

then you multiply 5,000x.11 and it equals to 550 per year.

multiply 550x20 and you get 11,000

if I'm not correct please tell me the right answer! goodluck!