Question

rick started his retirement account with 5000 when he was 23. When he retired at age 65, he had 2.2 x 10^6 dollars in his retirement account. how many times greater was his account when he retired?

Answer 1

Rick's retirement account was 440 times greater when he retired compared to when he started.

Step-by-step explanation:

To calculate how many times greater Rick's retirement account was when he retired compared to when he started, we can divide the final amount by the initial amount.

Final amount = $2.2 × 106

Initial amount = $5,000

Times greater = Final amount / Initial amount

Times greater = $2.2 × 106 / $5,000

Times greater = 440

Therefore, Rick's retirement account was 440 times greater when he retired compared to when he started.