Jim starts with $80 in his investment portfolio. After 1 year it grows by 15%. He then adds another $28 to his portfolio. After 1 more year the combined portfolio grows by 10%. What is his final portfolio worth after 2 years from when he started?
After 1 year Jim has gained $80 * 0.15 = $
<gadget id="calculator">80*0.15</gadget>
<output>12</output>
12.
Therefore, after 1 year his portfolio has grown to $80 + $12 = $
<gadget id="calculator">80+12</gadget>
<output>92</output>
92.
He then adds $28 to this total, so his new portfolio total is $92 + $28 = $
<gadget id="calculator">92+28</gadget>
<output>120</output>
120 at the beginning of year 2.
Next, this total grows by 10%, so he gains $120 * 0.10 = $
<gadget id="calculator">120*0.10</gadget>
<output>12</output>
12 across year 2.
Thus, after year 2, his portfolio is worth $120 + $12 = $
<gadget id="calculator">120+12</gadget>
<output>132</output>
132.

<result>132</result>