Solve Assume the Exercise Describes a Linear Relationship $\$ 22,000$ In the Stock Market

question 97

Multiple Choice

Solve. Assume the exercise describes a linear relationship.
-In 2005, John invested $\$ 22,000$ in the stock market. By 2011 his investment had grown to $\$ 25,300$ . Find an equation relating time and the value of the investment. If the market continues to grow at the same rate, how much will be in his account in 2018? Give your answer to the nearest dollar.

• A) \(\$ 28,600\)
• B) \(\$ 29,150\)
• C) \(\$ 25,851\)
• D) \(\$ 25,301\)

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