Question

A $500 investment is in creasing by 15% each year. What is the multiplier A 5.15 B 1.15 C 0.15 D 0.115

Answer 1

Answer:

C, 0.15

0.15 is 15/100, which is 15 percent.

multiply 500 times 0.15 gives you 15 percent of 500.