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OLEGan [10]
3 years ago
15

You invest $6500 into a mutual fund that is expected to earn 6% per year. How long will it take the fund to be worth $13,000?

Mathematics
2 answers:
tester [92]3 years ago
8 0
This is a compound interest problem so you cannot use the simple interest formula. Effectively the total amount is being compounded each year by 6%. There is a formula for compound interest but in this simple example you can work this out recursively.

year 1 = 6500
year2 = 6500*1.06 = 6890
year3 = 6890*1.06 = 7303
year4 = 7303*1.06 = 7741..
etc......
year12 = 11604*1.06 = 12338 

wariber [46]3 years ago
8 0
6% of 6,500 is 390. It will take over 16 years to reach 13,000. 390 * 16.795 = 6,500.05 
So just under 17 years. 
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3 years ago
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Answer: ( 0, 2 )

Step-by-step explanation:

You have to put coordinates of each graph on these equations y = -x + 2 and y = (1/2)x + 2. If putting coordinates satisfies both equations, then that coordinate will be the solution.

For example, let's put (0, 2) to equations.

y = -x + 2

2 = -0 + 2

2 = 2, true

y = (1/2)x + 2

2 = (1/2) × 0 + 2

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So, ( 0, 2 ) is the solution.

7 0
3 years ago
Read 2 more answers
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vovangra [49]
<span>If the answer is incorrect , please delete.

Answer is B and D

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8 0
3 years ago
Find the equivalent expression of the following: x3 (x2 + 5x + 7)
Kay [80]

The equivalent expression of x^3 (x^2 + 5x + 7) is x^5 + 4x^4 + x^4 + 8x^3 - x^3

<h3>How to determine the equivalent expression?</h3>

The expression is given as:

x^3 (x^2 + 5x + 7)

Expand the expression

x^3 * x^2 + x^3 * 5x + x^3 * 7

Evaluate the product

x^5 + 5x^4 + 7x^3

Expand the expression

x^5 + 4x^4 + x^4 + 8x^3 - x^3

Hence, the equivalent expression of x^3 (x^2 + 5x + 7) is x^5 + 4x^4 + x^4 + 8x^3 - x^3

Read more about equivalent expression at:

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3 0
2 years ago
Ryan achieved an 89% on the same multiple choice test. He answered some questions correctly, left at least one blank and
yKpoI14uk [10]

Answer:

Ryan could have answered multiple choice answers and true or false answers rather than knowledge answer like written prompts

Step-by-step explanation:

Hope this helped:)

5 0
3 years ago
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