Suppose you invest $10,000 in a mutual fund that earns 6% annual interest. What is the value of your investment 30 years later?
Show both the value and evidence of the thinking you used to calculate the value of the investment.
1 answer:
Answer:
$57400
Step-by-step explanation:
Given data
P= $10,000
R= 6%
T= 30 years
Let us Assume the investment is compounded Anually
A= P(1+r)^t
A=10000(1+0.06)^30
A=10000(1.06)^30
A=10000*5.74
A=$57400
Hence the Final Amount after 30 years compounded anually is $57400
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10g + 3.5r ≥ 2,500
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Ratio 10:6
so 10+6 = 16
112/16 =7
white balls: 10 * 7 = 70
striped balls: 6 * 7 = 42
Answer: he needs to add 70 white balls and 42 striped balls to keep the same ratio 10:6
Answer:
Adults= 110
Children= 340
Step-by-step explanation:
Given data
let adults be x
and children be y
x+y= 450----------1
2x+y=680---------2
from 1
x= 450-y
put this in 2
2(450-y)=680
900-2y=680
900-680=2y
220=2y
y= 220/2
y= 110
x+110= 450
x= 450-110
x=340
So you know the compound continuously formula is
. Thus, just plug in.
Plug that into your calc to get $1832.
