Elaine has invested $575 in a stock that is expected to double every 8 years. What will be the value of the stock in 16 years?

A.) $4,600.00

B.) $37,683,200.00

C.) $147,200.00

D.) $2,300.00

The correct option is D.
The initial value of the stock is $575 and it doubles every 8 years, this means that, in the next eight year the value of the stock will be 2 * 575 = $1150.
This amount too will double in the next eight year and the value will become 2* 1150 = $2,300.
Therefore, in 16 years time the share will be worth $2,300.00.

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arsemaqeen arsemaqeen · Answer 2 · 2020-06-02T21:54:00+02:00

arsemaqeen arsemaqeen

02-06-2020

Answer:

The correct option is D.

Step-by-step explanation:

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Elaine has invested $575 in a stock that is expected to double every 8 years. What will be the value of the stock in 16 years? A.) $4,600.00 B.) $37,683,200.00 C.) $147,200.00 D.) $2,300.00

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Elaine has invested $575 in a stock that is expected to double every 8 years. What will be the value of the stock in 16 years?

A.) $4,600.00

B.) $37,683,200.00

C.) $147,200.00

D.) $2,300.00