Mathematics, 21.04.2021 18:00 caitlynpierce9866

In the first year of a $10,000 investment the interest rate was 6%. All earned interest remained invested for the second year, and the interest rate increased to 7%. What was the percent increase of the entire investment after two years? A 1%

B 7%

C 13.4%

D 16.7%

Answers: 3

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In the first year of a $10,000 investment the interest rate was 6%. All earned interest remained invested for the second year, and the interest rate increased to 7%. What was the percent increase of the entire investment after two years? A 1% B 7% C 13.4% D 16.7%

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Other questions on the subject: Mathematics

Questions in other subjects:

In the first year of a $10,000 investment the interest rate was 6%. All earned interest remained invested for the second year, and the interest rate increased to 7%. What was the percent increase of the entire investment after two years? A 1%

B 7%

C 13.4%

D 16.7%