Each year, your $3,425 which earn 3% simple interest earns $102.75. Multiplying this value by 15 gives $1541.25. Then, adding the latest value we have with the initial invest will finally give us $4966.25. Thus, after 15 years Naomi will have $4966.25.
The choices for this question is found elsewhere and as follows:
<span>A. 16/9
B. 4/3
C. 32/9
D. 64/27 </span> From the choices, i think the correct answer from the choices listed above is option B since from the situation you are reducing the ratio. Hope this answers the question.
