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The value of an investment of $500 over t years is represented by the expression 500(1.06)t. What is the percentage of interest earned yearly for this investment? #1. 500% #2. 106% #3. 6% #4. 0.06%
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The value of an investment of $500 over t years is represented by the expression 500(1.06)t. What is the percentage of interest earned yearly for this investment?

#1. 500% #2. 106% #3. 6% #4. 0.06%

User Yingch Xue
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2 Answers

4 votes

Answer:

It is 0.6%

Explanation:

User Charles Goodwin
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4.9k points
5 votes

the answer is C. 6% i just took the assignment.

User Tlovely
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