Question

The table shows the balance in Jacqueline’s investment account each year for five years.

Year Investment
1 $20,000
2 $21,750
3 $23,500
4 $25,250
5 $27,000

2B) Complete the matching below for Jacqueline’s investment account

Help on this specific question:


1.
How much does the investment grow each year?
2.
How much did Jacqueline initially invest?
a.
$1,750
b.
$18,000
c.
$1,550
d.
$20,000
e.
$1,250
f.
$21,750

Answer 1

1. $1,750 (a) — each year increases by $21,750−$20,000 = $1,750.
2. $20,000 (d) — the Year 1 balance is $20,000.