Question

Jeff Bezos. founder and CEO of Amazon was worth approximately $157.7 billion in 201.9. He is also a lover of space travel. Assuming it costs $15 billion to make a round trip to Mars, how many trips can he make before his wealth is exhausted? Assume the annual interest rate is 9% and a round trip to Mars takes 1 year.

a) 31.7 trips

b) 33.9 trips

c) 28.6 trips

d) 18.9 trips

e) 10.2 trips

Answer 1

Calculation is given below

Working is given below