Question

PLEASE HELP ASAP!!!!!!

For Patricia’s graduation, she was gifted $1000. She wanted to put it in a savings account. The
account she put it in accrues 4% simple interest. She goes to college and doesn’t touch her money until
college graduation. She now has a total of $1,160.
Bonus part a) How many years was she in college?
A) 2
B) 4
C) 6
D) 8
Bonus part b) Based on how many years she was in college, what degree did she earn?
A) Associate’s
B) Bachelor’s
C) Master’s
D) Doctorate

Answer 1

Answer: B) 4

Explanation:

Sorry for the late response. It should be B) because of this.....

1,000 x 4% x 4 years would equal 160

Add that to the original amount and you get 1,160. I just took this TGA and I’m waiting for results. Hope this works for you.