Casey has $1,000 to invest and would like to buy a $3,000 jet-ski in four years. If interest is compounded annually, what interest rate will she have to receive to reach her goal?
A) 300%
B) 16%
C) 32%
D) 3%
E) 7%
C
Business
A) 300%
B) 16%
C) 32%
D) 3%
E) 7%
C