Timer
00:00
Answers
A
B
C
D
E
Stats
Difficulty—
Tom saved \(\$10,000\) at a constant compound interest rate of \(r\) percent annually. After \(10\) years, the balance is double the principal. What will be the balance \(30\) years after the deposit?
A. \(\$30,000\)
B. \(\$40,000\)
C. \(\$50,000\)
D. \(\$60,000\)
E. \(\$80,000\)
The OA is E
A. \(\$30,000\)
B. \(\$40,000\)
C. \(\$50,000\)
D. \(\$60,000\)
E. \(\$80,000\)
The OA is E
