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LekaFEV [45]
2 years ago
10

Hi guys! I'm really bad at this type of stuff so I asked my friends for help. One got C while the other got B. Can anyone figure

this out and tell me how??

Mathematics
1 answer:
DIA [1.3K]2 years ago
3 0
V0 = 5750 is the initial investment
v2 = 6080 is the value after 2 years

Plug those values into the given formula and then use a calculator
r = sqrt(v2/v0) - 1
r = sqrt(6080/5750) - 1
r = sqrt(1.05739130434782) - 1
r = 1.02829533906743 - 1
r = 0.02829533906743
r = 0.028
r = 2.8%

Final Answer: Choice C) About 2.8%

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