If Alexis invest $2,000 into a fund that earns 5.5% interest compounded annually, how long will it take for her investment to grow into $100,000?

73 years

Explanation:

To solve this problem, we can use the formula for the annual compound interest, which is:

where:

A is the final amount after time t

P is the principal

r is the rate of interest

t is the time

In this problem, we have:

is the principal

is the interest rate (5.5%)

We want to find the time t at which the amount of money is

A = $100,000

Therefore, we can re-arrange the equation and solve for t:

So, it will take 73 years.

answer; /// i believe the correct answer to the above question is(200 pounds); /good luck

idk

explanation:

bc why nah