Posted by **Meg** on Sunday, November 22, 2009 at 10:12pm.

Which is the best investment for three consecutive years?

a. A growth of 5% followed by a growth of 10% followed by a growth of 15%

b. A growth of 15% followed by a growth of 10% followed by a growth of 5%

c. Three years of growth at 10% per year.

- math -
**Reiny**, Sunday, November 22, 2009 at 10:24pm
http://www.jiskha.com/display.cgi?id=1258772486

- math -
**Meg**, Sunday, November 22, 2009 at 10:29pm
Do you have to add them all together or multpily?

- math -
**Reiny**, Sunday, November 22, 2009 at 10:31pm
did you not look at the solution I gave in the link ?

- math -
**Meg**, Sunday, November 22, 2009 at 10:41pm
yes, I saw that, but how do I get the answer on each line to compare them. Do I multiply each line, or add them.

- math -
**Reiny**, Sunday, November 22, 2009 at 10:51pm
first one:

-you multiply them, brackets mean multiplication

1.05(1.1)(1.15)

= 1.05 x 1.1 x 1.15 = 1.32825

so that is an increase of 32.825%

- math -
**Meg**, Sunday, November 22, 2009 at 11:20pm
1.32825 is what I got for the b and 1.331 is what I got for c so I guess the answer would be c

- math -
**Reiny**, Sunday, November 22, 2009 at 11:22pm
correct

c) has the largest number, thus the largest growth

## Answer this Question

## Related Questions

- Math - Which is the best investment for three consecutive years? a. A growth of ...
- Economics - Is it true that the underlying trend of growth in the economy is ...
- Biology - Growth by cell division that makes both ends of a plant longer but not...
- Geography - Growth by cell division that makes both ends of a plant longer but ...
- Finance - 16.Peterson Electrical Supplies has generated a net income of $161,424...
- environmental science - Explain the main point concerning exponential growth and...
- Calculous Pre - A population grows from 11,000 to 15,000 in three years. Enter ...
- precalculus - A population doubles every 30 years. Assuming exponential growth ...
- finance *repost* - According to the Value Line Investment Survey, the growth ...
- Biology - Unrestricted populations of organisms experience A. expenential growth...

More Related Questions