In order to calculate the minimum amount required, we will first round
the below-minimum-balance fee to $10. Next, we will use the equation:
A = I * (IR)^n, where A is the amount after n years and I is the initial investment and IR is the interest rate per year.
10 = I*(0.0001)^1
I = $100,000
$100,000 must be in the account to cover the minimum fees.
Answer: 5^2
Step-by-step explanation:
Since the base are all the same, you will add the exponents and let the exponents stay the same.
5^3 * 5^4= 5^7 * 5^-5= 5^2
Answer:
Algebraic grouping symbols parentheses, brackets, braces, radicals, and fraction lines show where a group starts and ends, and help to establish the order used to apply math operations. Terms inside a grouping symbol have to be operated upon before they can be acted upon by anything outside the grouping symbol.
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Answer:
41/12
Step-by-step explanation:
3 x 12 = 36 then you add 5 to get 41.
Answer:
The amount invested in the mutual fund that earned 5% was $1,000
The amount invested in the mutual fund that earned 3% was $1,800
Step-by-step explanation:
Let
x ----> the amount invested in the mutual fund that earned 5%
y ----> the amount invested in the mutual fund that earned 3%
we know that
----> 
----> equation A
----> equation B
Solve the system by substitution
substitute equation A in equation B
Solve for x
<em>Find the value of y</em>
therefore
The amount invested in the mutual fund that earned 5% was $1,000 and the amount invested in the mutual fund that earned 3% was $1,800
