ladley puts 300 in a savings account earning 1 annual

Last updated: 5/1/2023

ladley puts 300 in a savings account earning 1 annual interest and 300 in an investment account that averages 5 annual returns The graph below shows the balance in those accounts over 20 years The dashed line reflects the change in price of a 300 item due to 2 annual inflation 850 800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 Investments Price of 300 tem Savings 13 14 14 15 16 17 18 19 20 years a Approximately how much has Hadley s initial investment grown over 20 years Include both the dollar value and percent change return on investment