Question

30 POINTS PLEASE ANSWER CORRECTLY AND CLEARLY THANK YOU!

Which expression represents the growth of an investment of $1,500 at 12% per year for a period of t years?

A. 1500(12)t
B. 1500(0.12)t
C. 1500t1.12
D. 1500(1.12)t

Answer 1

B

Explanation:

The investment grows by 12 percent every year. Therefore, if you multiply the 1500 by 0.12 you should get the value of the amount of extra money made in one year. If you substitute 2 into t you get the value increased by year 2 and so on.