Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A few years ago, you decided to take a gamble and invested $14,000 in a new cryptocurrency that your friend told you about. You are
A few years ago, you decided to take a gamble and invested $14,000 in a new cryptocurrency that your friend told you about. You are happy you made the decision because your investment has increased by 75% in value! If the investment earned 14% per year, how many years, did it take your friend to reach this amount? (5 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started