Eric made two investments:
•Investment Q\text{Q}Qstart text, Q, end text has a value of...
Mathematics, 14.04.2020 18:46 frisha
Eric made two investments:
•Investment Q\text{Q}Qstart text, Q, end text has a value of $500\$500$500dollar sign, 500 at the end of the first year and increases by $45\$45$45dollar sign, 45 per year.
•Investment R\text{R}Rstart text, R, end text has a value of $400\$400$400dollar sign, 400 at the end of the first year and increases by 10%10\%10%10, percent per year.
Eric checks the value of his investments once a year, at the end of the year.
What is the first year in which Eric sees that investment R\text{R}Rstart text, R, end text's value exceeded investment Q\text{Q}Qstart text, Q, end text's value?
Answers: 3
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