Jamal puts $100 in an account that does not earn any interest. Every month after that, he deposits the same amount of money. Thi
1 answer:
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Answer:
The amount invested in CDs is $1,340
The amount invested in the stock portafolio is $6,900
The amount invested in the saving accounts is $2,300
Step-by-step explanation:
Let
x ---->the amount invested in CDs at 2.1%
y ---> the amount invested in the stock portfolio at 2.5%
z ---> the amount invested in the savings account at 1.5%
----> equation A
----> equation B
substitute equation B in equation A
----> equation C
we know that
The total interest earned by the three amount must be equal to $231.69
so
----> equation D
substitute equation B and equation C in equation D
solve for y
<em>Find the value of x</em>
<em>Find the value of z</em>
Answer: There is 680% increase for the fund.
Step-by-step explanation:
Since we have given that
Number of shares they purchased = 1000
Cost of per share at the time of their marriage = $10
So, Amount of fund will be
Cost per share after 30 years = $78
So, Amount of fund will be
Percentage of increase for the fund will be given as
Hence, there is 680% increase for the fund.