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Ainat [17]
2 years ago
14

You want to save for retirement. assuming you are now 25 years old and you want to retire at age 50, you have 25 years to watch

your investment grow. you decide to invest in the stock market, which has earned about 13% per year over the past 80 years and is expected to continue at this rate. you decide to invest $1,000 today. required: how much do you expect to have in 25 years?
Mathematics
1 answer:
mr_godi [17]2 years ago
8 0

Answer:

4250

Step-by-step explanation:

0.13 = 13%

1000×0.13=130
130×25= 3250 + 1000 = 4250

What I did:

You have to turn the percent to a decimal first

Then multiply the decimal by the first investment amount (1000)

then multiply that by the years that you have before retirement
You add that amount plus the 1000 you have started with

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Answer:

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Step-by-step explanation:

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Solve by elimination:
Pie

Answer:

B (5, 13)

Step-by-step explanation:

9x + 4y = 97

9x + 6y = 123

To solve by elimination, we want to <em>eliminate</em> a variable. To do this, we must make one variable cancel out.

First, we can see that both equations have 9x. To cancel out x, we must make <em>one</em> of the 9x's <em>negative</em>. To do this, multiply <em>each term</em> in the equation by -1.

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This is one of your equations. Set it up with your other given equation.

9x + 4y = 97

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Imagine this is one equation. Since every term is negative, you will be subtracting each term.

9x + 4y = 97

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0x -2y = -26

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To isolate y further, divide both sides by -2.

y = 13

Now, to find x, plug y back into one of the original equations.

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Multiply.

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Subtract.

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Divide.

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Check your answer by plugging both variables into the equation you have not used yet.

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Your answer is correct!

(5, 13)

Hope this helps!

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Answer:

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