A king estimates that there are 5000 tons of gold in his mines. Last year, 125 tons of gold were mined and sold to finance the kingdom. How many years will it be before the kingdom goes bankrupt if the amount of gold refined increases by 2% each year? Round to 1 decimal place.

Question

Quizplus · Accepted Answer

The Answer of A king estimates that there are 5000 tons of gold in his mines. Last year, 125 tons of gold were mined and sold to finance the kingdom. How many years will it be before the kingdom goes bankrupt if the amount of gold refined increases by 2% each year? Round to 1 decimal place.

A King Estimates That There Are 5000 Tons of Gold