William wants to invest $30,000 in a mutual fund.
1 answer:
Answer:
He will have $39,750 at the end of five years.
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:
In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:
In this question:
Interest earned:
Total amount:
He will have $39,750 at the end of five years.
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Answer:
Step-by-step explanation:
Given expression:
Replace 900 with 30² :
(We need to use the absolute value of √x² since the x term was originally to the power of 2, which means the value of x² is always positive since the exponent is even).
Simplify:
(We need to use the absolute value of z³ since the z term was original to the power of 6, which means the value of z⁶ is always positive since the exponent is even).