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A biotech company has a growth rate of 15% per year. If the initial investment i

Practice Questions

Q1
A biotech company has a growth rate of 15% per year. If the initial investment is $10,000, what will be the value after 3 years?
  1. $12,000
  2. $13,500
  3. $14,000
  4. $15,000

Questions & Step-by-Step Solutions

A biotech company has a growth rate of 15% per year. If the initial investment is $10,000, what will be the value after 3 years?
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