Answer: The correct answer would be 22.0 but for your question i say it is K
Step-by-step explanation:
10 omm cuh believe the processs
.
It must have the [( )]
[(4/y) - z]
Given
Initial balance 1800
Annual rate 0.05
Y the value of mutual fund
X time in years
The equation models the value of the mutual fund is
Y=1800 (1+0.05)^x
Y=1800 (1.05)^x...answer
Hope it helps!
