Mr. Manik invested Tk. 33625 on a burger shop in 2013. The value of his investment increased by 12% in 2014, 13% in 2015 but unfortunately kept falling by 8% in the following years. a. What was the average rate of return on his investment over the 3 years? Answer in exact form, or rounded to at least 4 decimal places. b. How much will his investment be worth after 5 years? Answer in exact form, or rounded to at least 4 decimal places.
Mr. Manik invested Tk. 33625 on a burger shop in 2013. The value of his investment increased by 12% in 2014, 13% in 2015 but unfortunately kept falling by 8% in the following years. a. What was the average rate of return on his investment over the 3 years? Answer in exact form, or rounded to at least 4 decimal places. b. How much will his investment be worth after 5 years? Answer in exact form, or rounded to at least 4 decimal places.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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Transcribed Image Text:Mr. Manik invested Tk. 33625 on a burger shop in 2013. The value of his investment increased by 12% in 2014, 13% in 2015 but unfortunately kept
falling by 8% in the following years.
a. What was the average rate of return on his investment over the 3 years?
Answer in exact form, or rounded to at least 4 decimal places.
b. How much will his investment be worth after 5 years?
Answer in exact form, or rounded to at least 4 decimal places.
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