Suppose your parents decide to invest $5,000 in gold. their financial advisor anticipates that the value of gold will increase 17% every year for the next 15 years. how much would their investment be worth after 15 years?

Worth of their investment after 15 years becomes $52693.6.

Step-by-step explanation:

Since we have given that

Value of gold that his parents decide to invest (P) = $5000

Rate of increment in the value (r) = 17%

Number of years (n) = 15 years

As we know the formula for "Compound Interest":

so, our equation becomes,

Hence, Worth of their investment after 15 years becomes $52693.6.

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