Answer :

Answer:

$5, 115,000

Step-by-step explanation:

First year investment = $5,000

Second year investment = $10,000

Therefore, the common ratio = 10,000/5,000 = 2

The nth term of a GP series is Tn = ar^n-1, where a = first term and r = common ratio = Tn/Tn-1)

Tn = Tenth year investment = $5,000[(2^10) - 1]

= $5,000(1024 - 1)

= $5,000 × 1023

= $5, 115,000

Hence, the investment worth $5, 115,000 in 10 years

Answer:

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Step-by-step explanation:

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