Question

An investment of $1200.00 is growing at the rate of 2.6% per year. What is the growth in balance from year 20 to year 25?

1) None of the answers are correct
2)16.52

3) 2655.89

4)265.59

5)156.00

6)274.57

Answer 1

6

Explanation:

The growth in balance from year 20 to year 25 is $274.57.