Q:

An investment is currently worth 1.035×108 dollars . Thirty years ago, the investment was worth ​ 2.3×105 ​ dollars. How many times greater is the value of the investment today than the value of the investment thirty years ago? A. 0.45 B.450 C.4500 D. 45,000

Accepted Solution

A:
The correct option is:  B. 450ExplanationCurrent value of the investment is  [tex]1.035\times 10^8[/tex] dollars and 30 years ago, the value of the investment was  [tex]2.3\times 10^5[/tex] dollars. Suppose, the value of investment today is  [tex]n[/tex] times greater than the value of the investment thirty years ago. So, the equation will be........[tex]n(2.3\times 10^5)=1.035\times 10^8\\ \\ n= \frac{1.035\times 10^8}{2.3\times 10^5}=0.45\times 10^3 = 450[/tex]Thus, the value of the investment today is 450 times greater than the value of the investment thirty years ago.