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Faisal Has $15,000 in His Savings Account and Can Save

Question 47

Multiple Choice

Faisal has $15,000 in his savings account and can save an additional $5000 per year.If interest rates are 12%,how long will it take his savings to grow to $50,000?


A) Faisal has $15,000 in his savings account and can save an additional $5000 per year.If interest rates are 12%,how long will it take his savings to grow to $50,000? A) years B) 3 years C) years D) 5 years E) 4 years years
B) 3 years
C) Faisal has $15,000 in his savings account and can save an additional $5000 per year.If interest rates are 12%,how long will it take his savings to grow to $50,000? A) years B) 3 years C) years D) 5 years E) 4 years years
D) 5 years
E) 4 years

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