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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. 1…

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. 1…
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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%

asked
User Yingch Xue
by
8.6k points

2 Answers

4 votes

Answer:

It is 0.6%

Explanation:

answered
User Charles Goodwin
by
7.9k points
5 votes

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

answered
User Tlovely
by
8.3k points
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