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Alla [95]
1 year ago
9

Brian purchased 10 shares of an aggressive growth mutual fund at $90 per share, for a total of $900, 7 years ago. Today he sold

all 10 shares for $4,500. What was his average annual compound rate of return on this investment before tax?
Mathematics
1 answer:
fredd [130]1 year ago
5 0

Answer:

$514 give or take.  I could be wrong so you might want some confirmation on my answer before putting it on your test or what ever you need it for because i'm only in Middle School.

Step-by-step explanation:

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PLSSS HELP IF YOU TURLY KNOW THISS
balandron [24]

Answer:

4.117 *little10 to the -29th power

Step-by-step explanation:

8 0
2 years ago
Read 2 more answers
if the cost of a movie ticket now averages $11.50 , interpret the meaning of the expression 11.50(1.083)
LUCKY_DIMON [66]
I believe the correct expression is: <span>11.50(1.083)^t where t is the time.

Now, we are given that the average price of the ticket is $11.5
The given expression means that this average value is dependent on the variable t. Therefore, the average price of the ticket increases exponentially with the time with the rate of growth equals 1.083

Now, to better understand this, we will get the price of the ticket at different times:
At t = 1: price = </span><span>11.50(1.083)^1 = $12.4545
At t = 2: price = </span><span>11.50(1.083)^2 = $13.4882235
At t = 3: price = </span><span>11.50(1.083)^3 = $14.60774605
We can notice that the price of the ticket increases exponentially as the time increases.

Hope this helps :)</span>
5 0
2 years ago
A King in ancient times agreed to reward the inventor of chess with one grain of wheat on the first of the 64 squares of a chess
maxonik [38]

Answer:

Total weight of the wheat placed on 45th square will be = 1.26\times 10^{6}tons

Step-by-step explanation:

King rewarded the inventor of chess by giving grain of wheat on every square of the chess board. He places one  grain of wheat on first square, 2 on second, 4 on 3rd, 8 on 4th and so on.

In fact he places grains of wheat in a progression S = 1, 2, 4, 8, 16.........n terms where value of n is 64.

We can rewrite the progression as S = 2°, 2, 2², 2³,.........n terms (n = 64)

In a geometric progression we know the nth term = a(r^{n-1})

where a = first term of the series, r = common ratio, n = number of terms

Now we have to calculate the weight of all wheat placed on 45th square.

So we will put the values in the given formula 45th term =

1\times (2^{45-1}) = 2^{44}=1.76\times 10^{13}

Then the weight of wheat will be = 2.51\times 10^{9}pounds=1.26\times 10^{6}tons



7 0
3 years ago
I have a question?.....Ms. Wallace makes soap to sell at craft fairs. The first bar of soap sells for $2, and each additional ba
Assoli18 [71]

Answer:

Has your teacher given you notes to practice?

Step-by-step explanation:

If no, then break the question down into pieces and write down what you know.

3 0
2 years ago
Hich of the following sets of numbers could be the lengths of the sides of a triangle?
d1i1m1o1n [39]
Each side of a triangle has to be shorter than the sum of the other 2. The only possible answer is b: 3,5,7   (7<5+3)
4 0
3 years ago
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