Mathematics

Mercedes Clarke

18 May, 12:38

The Callahans invest $6,000.00 a year for retirement. The investment pays 0.29% simple interest a year on deposits, and they invest for 10 years.

Which of the following is true?

A. The interest will double every year.

B. The investment account total will double between years 5 and 10.

C. More money will be deposited per year in years 6 - 10 than in years 1 - 5 because of interest.

D. The investment account total will triple between years 5 and 10.

+2

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