Answer:
17 times
Step-by-step explanation:
Let "x" be the number of times today's investment is more than the investment 10 years ago
Investment 10 years ago = 1.25*10^3 = 1,250
Investment today = 2.125*10^4 = 21,250
So, we can form the equation as shown below:
1250*x = 21,250
x = 21,250/1,250
x = 17
Therefore, today's investment is 17 times greater than the investment 10 years ago
Answer:
17 times greater.
Step-by-step explanation:
Given the current value of investment to be $2.125×10⁴
Ten years ago the investment worth = $1.25×10³
To know the number of times greater the value of the same investment today(current value) to the value of the investment 10 years ago, we will divide the current investment value by the value 10years ago i.e
Factor of increase = current investment/investment value 10years ago
Factor of increase = $2.125×10⁴/$1.25×10³
= $2.125/$1.25 × 10^4-3
= 1.7×10¹
= 17
This shows that the current has increase 17times the clue of the money 10years ago
