Asaro was given $1,000 worth of stock in 2001. By 2004, the stock was worth $1,750. If the value of the stock?

Question

1. Asaro was given $1,000 worth of stock in 2001. By 2004, the stock was worth $1,750. If the value of the stock increases at a constant rate, what is its worth in 2006? (1 point)

$2,000

$2,250

$2,500

$3,250

Answer 1

2250

250 added each year

Answer 2

Find the average growth per yr.  $750 / 3 yrs (2001 to 2004)

Multiply by the number of years (2001 to 2006)

Answer 3

2500