Marley Barrett

Mathematics

17 February, 11:49

Eric made two investments:

•Investment Q/text{Q}Qstart text, Q, end text has a value of $500/$500$500dollar sign, 500 at the end of the first year and increases by $45/$45$45dollar sign, 45 per year.

•Investment R/text{R}Rstart text, R, end text has a value of $400/$400$400dollar sign, 400 at the end of the first year and increases by 10%10/%10%10, percent per year.

Eric checks the value of his investments once a year, at the end of the year.

What is the first year in which Eric sees that investment R/text{R}Rstart text, R, end text's value exceeded investment Q/text{Q}Qstart text, Q, end text's value?