?

Algebra

Free Version

Upgrade subject to access all content

Moderate

Decay Exponentially

ALGEBR-M9POXW

At the height of the dot com era, many people invested a lot of money in the different companies that popped up. One person invested $\$20,000$ thinking they were going to be rich. Unfortunately, the market took a turn and that person lost about $7$% a year for four years before hastily withdrawing their money.

How much money did they have left after $4$ years?

A

$\$48.02$

B

$\$4,802$

C

$\$14,961.04$

D

$\$15,028.95$