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

question 40

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)2 years
• B)3 years
• C)4 years
• D)5 years