Answer:
You just invested $1000 in an account that returns 5% per year. After 50 years, when you are old and gray, what will be the value of your investment?
$3500
Explanation:
investment= $1000
5% of 1000= $50 per year
After 50 years, it would be 50 X 5= $2500
The total value of investment after 50 years would now be capital + profit
$2500 + $1000= $3500
