Lee put $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10 years. About how much is in

Question

3 years ago

11

Lee's mutual fund account after 10 years? Ignore compounding.

2 answers:

netineya [11] · Answer 1 · 2021-11-20T12:13:23+03:00

8 0

Answer:

17000

Step-by-step explanation:

we can use the equation I=PRT

I=10,000(10)(0.07)

I=100,000(0.07)

i=7000

7000+ the initial 10,000=17000

zalisa [80] · Answer 2 · 2021-11-20T11:03:46+03:00

4 0

Answer:

1490

Step-by-step explanation: