Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Karen invested $2,000 in a special savings account.
The balance of this special savings account will double
every 5 years. Assuming that Karen makes no other
deposits and no withdrawals, what will be the balance
of Karen's investment at the end of 40 years?
A. $ 80,000
B. $ 256,000
C. $ 400,000
D. $ 512,000
E. $1,024,000

Sagot :

hello8016

Answer:

D. $512,000

Step-by-step explanation:

Well if the balance doubles every 5 years, then dividing 40 by 5 gives us the number of times the money will double, which is 8. We can then turn this into the equation [tex]2000(2^{8})[/tex]. [tex]2^8[/tex] can be simplified to 256. Multiply that by 2000 and we get our answer, 512000. Hope this helps!

Pls mark brainliest!

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.