Dooley Company had current assets of $1,552, current liabilities of $1,413, total assets of $1,742, and longminusterm liabili
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Answer:
Therefore after 5 year the balance in the stock market is $ 352.47.
Explanation:
Exponential growth formula :
y= Final amount
a= initial amount
r= rate of growth
t= time
Given that,
The deposit amount = $200
Rate of interest (r)=12%=0.12
Time (t)=5 years
=$352.47
Therefore after 5 year the balance in the stock market is $ 352.47.