Aaron kept $12 000 in a bank account with an annual interest rate of 4%. After exactly 2 years, the bank chose Aaron as the winner for a prize money worth $5000. Aaron decided to invest all his savings and the prize money into a Trust Fund which offers a dividend of 4.5% per annum. When ( which year ) will all his investment value exceed $20 000?

example 2 – simplify: step 1: completely factor both the numerators and denominators of all fractions. step 2: change the division sign to a multiplication sign and flip (or reciprocate) the fraction after the division sign; essential you need to multiply by the reciprocal. step 3 : cancel or reduce the fractions.

answer: do we write it

step-by-step explanation: