5. Last year, Dan and Paula regularly invested $25/week in a mutual fund account. This
1 answer:
Answer:
They invested total $2730 over the past two years.
Step-by-step explanation:
Consider the provided information.
Dan and Paula regularly invested $25/week in a mutual fund account.
There are 52 weeks in a year.
Total money they invested in a mutual fund in first year.
$25×52 = $1300
They increased their weekly investment by 10 percent.
First find the 10% or 25.
That means they invest $25+$2.5 = $27.5
They invest $27.5/week in next year.
Total money they invested in a mutual fund in second year.
$27.5×52 = $1430
Hence the total money they invested in the account over the past two year is:
$1300+$1430=$2730
Hence, they invested total $2730 over the past two years.
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