A pool of money where investors buy shares and a fund manager invests them and gives the investor the return; the way that most Americans invest their money because of the ease. hope that helps!
The value of x is 5/8.
<u>Step-by-step explanation</u>:
Given,
- The lines PQ and RS are parallel to each other.
- slope of PQ= x-1/4
- slope of RS = 3/8
The slopes of parallel lines are equal.
slope of PQ = slope of RS
⇒ x-1/4 = 3/8
⇒ (4x-1)/4 = 3/8
⇒ 8(4x-1) = 4(3)
⇒ 32x-8 = 12
⇒ 32x = 20
x = 20/32
x = 5/8
A=850×(1+0.08)^(8)
A=1,573.29
Interest 1573.29-850=723.29
