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3 years ago

Which statement defines a mutual fund?

Mathematics

2 answers:

lilavasa [31]3 years ago

6 0

Answer: A group of investments that many individual investors hold in common.

shusha [124]3 years ago

5 0

Answer:

Option: A is the correct answer.

Mutual Funds are a group of investments that many individual investors hold in common.

Step-by-step explanation:

A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.

They are operated by professional money managers.

Option: A is the correct answer.

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Suppose you invest $750.00 in a fund earning 6% simple discount. A certain time later you withdraw the investment (principal and

barxatty [35]

Answer:

4.08 + 2 = 6.08 years

Step-by-step explanation:

we know that

Simple Interest(S.I.) = (P × R × T) ÷ 100

where, P = Principal = 750

R = Rate = 6%

T = unknown

⇒ S.I. = (750 × 6 × t)÷ 100

⇒ S.I. = 45t

Also, Amount = S.I + Principal

⇒ Amount = 750 + 45t

Now Formula for Compound Interest is:

$A = P(1+\frac{r}{100})^{t}$

where A = Amount

=1000

P = Principle

r = rate

t = total number of year

Here, P = 750 + 45t, r = 3.5% , and t = 2.

Putting all these values in above formula:

$1000 = (750 + 45t)(1+\frac{3.5}{100})^{2}$

⇒ $1000 = (750 + 45t)(1.071)$

⇒ t = 4.08

Hence, total time required will be 2 + 4.08 = 6.08 years.

7 0

3 years ago

The perimeter of a square is 72cm what is the area of the square

Radda [10]

Answer:

the area is 324 cm²

Step-by-step explanation:

4 0

3 years ago

Read 2 more answers

A cell phone that regular costs $780 is on sale for 15% off. What is the total cost of the phone if you have to pay 5.5% sales t

Alex_Xolod [135]

Answer:

$700

Step-by-step explanation:

Step one:

Given data

Regular cost of cell phone= $780

discount = 15%

tax = 5.5%

Step two

Let us compute the discounted amount

= 15/100*780

=0.15*780

=$117

hence the selling price is

=780-117

=$663

Also, the tax-deductible is

=5.5/100*663

=0.055*663

=$36.465

The total cost of the phone will be

=663+36.465

=699.465

=$700 to the nearest cent

8 0

3 years ago

You sell 3 hamburgers at $2.10 each plus 0.38 tax. A customer gives you a $10.00 bill. How much change does he get?

azamat

The customer's change would be 3.32

7 0

3 years ago

Read 2 more answers

Please help me out it doesn’t have to be the hole page but please help!:(

77julia77 [94]

You're going to have to take a better quality picture. I don't think anyone can reliably read any of that

6 0

1 year ago