Question

The initial balance of a mutual fund is $1800. The fund is expected to grow in value at an annual rate of 5%.

Answer 1

Answer:

the answer is 1800(1.05)^x

hope this helps

Answer 2

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!