15. Karen invested $2,000 in a special sayings account. The balance of this special savings account will double every 5 years. Assuming that Karen makes no other deposits and no withdrawals, what will be the balance of Karen's investment at the end of 40 years?

Answer and Explanation

Your Answer is

Correct Answer is D

Explanation

According to the topic, Karen has saved for 40 years, so a total of double (40÷5)=8 times, so it is 2000×28=512,000