You have saved $1,200 for a used motorcycle that has a current price of $1,500.If your money is sitting in an account earning 2.50% per year,how long will it take for this account to grow to $1,500? Note: The motorcycle's price may have changed by the time your account reaches a value of $1,500.
A)9.04 months
B)9.04 years
C)4.25 years
D)4.25 months

Question

Quizplus · Accepted Answer

The Answer of You have saved $1,200 for a used motorcycle that has a current price of $1,500.If your money is sitting in an account earning 2.50% per year,how long will it take for this account to grow to $1,500? Note: The motorcycle's price may have changed by the time your account reaches a value of $1,500.
A)9.04 months
B)9.04 years
C)4.25 years
D)4.25 months

You Have Saved $1,200 for a Used Motorcycle That Has