You started to plan for your retirement 2 years ago by investing into a individual retirement account (IRA). You deposited $2,520 dollars over the two year period and your money grew to $2,850 over that same period. Determine, by what percent, did you money grow by for the two year period. Round your answer to the nearest percent
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OpenStudy (anonymous):
will give medals
OpenStudy (anonymous):
a.
1.13%
c.
13%
b.
1.3%
d.
130%
OpenStudy (anonymous):
@swagmaster47
OpenStudy (anonymous):
ILL FAN YOU
OpenStudy (anonymous):
@Harsha19111999
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OpenStudy (anonymous):
@jordanloveangel
OpenStudy (harsha19111999):
Hey
OpenStudy (harsha19111999):
You have got interest on your money
OpenStudy (anonymous):
hey wait
OpenStudy (harsha19111999):
You need by how my your money has raised
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OpenStudy (harsha19111999):
I properly read the question just now
OpenStudy (anonymous):
need that formula back
OpenStudy (harsha19111999):
So change in money = (2850-2520/2520)* 100 = 13 percent
OpenStudy (anonymous):
can i jst have the answer
OpenStudy (harsha19111999):
ie. Option C. BTW the formula is I = PTR/100
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