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?
Let's be accurate as possible. Think before you answer.
132
After 1 year Jim has gained $80 * 0.

15 = $12.

Therefore, after 1 year his portfolio has grown to $80 + $12 = $92.

He then adds $28 to this total, so his new portfolio total is $92 + $28 = $120 at the beginning of year 2.

Next, this total grows by 10%, so he gains $120 * 0.

10 = $12 across year 2.

Thus, after year 2, his portfolio is worth $120 + $12 = $132.

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The final answer: 132