You have saved $1,250 for a used motorcycle that has a current price of $1,550.If your money is sitting in an account earning 2.25% per year,how long will it take for this account to grow to $1,550? Note: The motorcycle's price may have changed by the time your account reaches a value of $1,550.
A)9.04 months
B)9.67 years
C)9.04 years
D)9.67 months

Question

Quizplus · Accepted Answer

The Answer of You have saved $1,250 for a used motorcycle that has a current price of $1,550.If your money is sitting in an account earning 2.25% per year,how long will it take for this account to grow to $1,550? Note: The motorcycle's price may have changed by the time your account reaches a value of $1,550.
A)9.04 months
B)9.67 years
C)9.04 years
D)9.67 months

You Have Saved $1,250 for a Used Motorcycle That Has