tigerstar34
tigerstar34 tigerstar34
  • 18-12-2017
  • Mathematics
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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 expression represents the value of the stock after n years class=

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pmayl
pmayl pmayl
  • 18-12-2017
The answer is A) 23%. 

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

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