Question

An initial investment of $60.00 increases in value by 15% each year which of the following statements are true? Select all that apply. Round your answers to the nearest dollar.

Answer 1

You haven't given the options, but the answer would letter with the investment of $69

First divide 15 by 100, then add 1

15/100 = .15 + 1 = 1.15

Finally times 1.15 and 60 together.

60(1.15) = 69