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Nonamiya [84]
3 years ago
10

You invested $1,200 in a mutual fund. Your account now has a value of $1,333. what was your gain?

Mathematics
2 answers:
OleMash [197]3 years ago
7 0
You have invested 1200 dollars in your mutual fund and now gained 1333 dollars. First let's solve how much money added to your investment.
=> 1333 - 1200 = 133 dollars was added to your account
=> 133 / 1200 = 0.11 
Next, lets convert this to decimal value.
=> 0.11 * 100% = 11% was added to you investment.
Olegator [25]3 years ago
5 0

Answer:

133

Step-by-step explanation:

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The given question is a quadratic equation and we can use several methods to get the solutions to this question. The solution to the equation are 3/4 and -5/6 and the greater of the two solutions is 3/4

<h3>Quadratic Equation</h3>

Quadratic equation are polynomials with a second degree as it's highest power.

An example of a quadratic equation is

y = ax^2 + bx + c

The given quadratic equation is 24x^2 + 2x = 15

Let's rearrange the equation

24x^2 + 2x = 15\\24x^2 + 2x - 15 = 0

This implies that

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The equation or formula of quadratic formula is given as

y = \frac{-b +- \sqrt{b^2 - 4ac} }{2a}

We can substitute the values into the equation and solve

y = \frac{-b +- \sqrt{b^2 - 4ac} }{2a}\\y = \frac{-2 +- \sqrt{2^2 -4 * 24 * (-15)} }{2*24} \\y = \frac{-2+-\sqrt{4+1440} }{48} \\y = \frac{-2+-\sqrt{1444} }{48} \\y = \frac{-2+- 38}{48} \\y = \frac{-2+38}{48} \\y = \frac{3}{4}\\ \\or\\y = \frac{-2-38}{48} \\y = \frac{-40}{48} \\y = -\frac{5}{6}

From the calculations above, the solution to the equation are 3/4 and -5/6 and the greater of the two solutions is 3/4

Learn more on quadratic equation here;

brainly.com/question/8649555

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