We have been given that an account is opened with a balance of $3,000 and relative growth rate for a certain type of mutual fund is 15% per year.
In order to tackle this problem we have to find the value of mutual fund after 5 years. For our purpose we will use compound interest formula.
,where A= amount after t years, P= principal amount, r= interest rate (decimal) and t= number of years.
After substituting our given values in above formula we will get
Now we will solve for A
Therefore, after 5 years mutual fund is worth $6034.07.
Is a measurement of the value of a section of the stock<span>market. It is computed from the prices of selected stocks (typically a weighted average). It is a tool used by investors and financial managers to describe the market, and to compare the return on specific investments. HOPE THIS HELPS</span>
Answer:
D: -5(-6x^2 + x + 2)
E: 5(2x + 1)(3x − 2)
Step-by-step explanation:
The <em>first two answer choices have incorrect constants</em> (25 and 3 vs -10). A factor of 5 is removed from the remaining answer choices, so let's remove a factor of 5 and see what we get:
30x^2 -5x -10 = 5(6x^2 -x -2)
An additional x cannot be factored from the expression, so <em>choice C can be eliminated</em>.
Multiplying each of these factors by -1 will make the product correspond to answer choice D.
Factoring will make it correspond to answer choice E, best verified by finding the x-term of the product of the binomial factors:
E: 2x(-2) +1(3x) = -x, as required
F: 2x(2) -1(3x) = x, wrong sign
The equivalent expressions are those of choices D and E.
