Multiple Choice
You have saved $1,250 for a used motorcycle that has a current price of $1,550.If your money is sitting in an account earning 2.25% per year,how long will it take for this account to grow to $1,550? Note: The motorcycle's price may have changed by the time your account reaches a value of $1,550.
A) 9.04 months
B) 9.67 years
C) 9.04 years
D) 9.67 months
Correct Answer:
Verified
Correct Answer:
Verified
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