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What is the percent increase each year for the investment?

What is the percent increase each year for the investment?-example-1
User Giraffe Lion
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1 Answer

17 votes
17 votes

Answer:

11.5%.

Explanation:

Looking at the base of the exponent, it can be seen that it is 1.115. 1.00 is equal to 100% of the investment value each year. There is an additional 0.115, which is equivalent to 11.5%, which represents the increase in the investment value each year.

Therefore, the percent increase each year for the investment is 11.5%.

User Bertrand Miot
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