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Tracy invested in a share of stocks with an annual interest rate of 3%. The following expression represents the value of the stock after n years.
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Tracy invested in a share of stocks with an annual interest rate of 3%. The following expression represents the value of the stock after n years.

Tracy invested in a share of stocks with an annual interest rate of 3%. The following-example-1
User XMort
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The answer is A) 23%.

1.03 to the 7th power is 1.23, implying interest of 23% over the 7 years.

User Bhakta Raghavan
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