You currently have $2,500 invested at an annual rate of 8%.How long will it take for this investment to grow to a value of $3,500?
A)4.37 years
B)5.00 years
C)5.60 years
D)8.03 years

Name: You currently have $2,500 invested at an annual rate of 8%.How long will it take for this investment to grow to a value of $3,500? A)4.37 years B)5.00 years C)5.60 years D)8.03 years
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

The correct answer is A because it takes 4.37 years for the investment to grow to a value of $3,500.

You Currently Have $2,500 Invested at an Annual Rate of 8%.How