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valentina_108 [34]
3 years ago
11

An initial investment of $1000 grows at an interest rate of 4% per year. How long will it take that investment to reach $1,500?

Assume that you make no further deposits or withdrawals from the investment account. Round to the nearest tenth of a year.
a. 12.6 years
b. 5.4 years
c. 9.8 years
d. 10.3 years
Mathematics
1 answer:
ivanzaharov [21]3 years ago
3 0
The answer your looking for is B because when you multiply the 1000 by 4 you get 5.4
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