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

question 73

Multiple Choice

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

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Definitions:

Raise

An increase in salary or wages.

Weakens

To become lesser in strength, value, or severity.

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