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JulsSmile [24]
2 years ago
5

Suppose Kay inherits $250,000, which she invest today at a rate of return of 9% compounded annually. How much will Kay's investm

ent be worth after 25 years?
A. $21,175,224.06
B. $1,929,687.00
C. $6,250,000.00
D. $2,155,770.17
Mathematics
2 answers:
Sedbober [7]2 years ago
8 0

Answer:

D. $2,155,770.17

Nikolay [14]2 years ago
5 0

Answer:

D.$2,155,770,17

Step-by-step explanation:

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Answer:

If both Kelsey and Jeana purchase 6 pairs of uniform pants then they would pay the same amount for their purchases.

Step-by-step explanation:

The information provided is as follows:

  • Kelsey buys several pairs of uniform pants for $17.95 each, and a sweater for $24.
  • Jeana shops at a different store and buys several pairs of uniform pants for $18.95 each, plus a sweater for $18.

The variable <em>x</em> is the number of pairs of pants.

The total cost function for Kelsey will be:

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The total cost function for Jeana will be:

TC_{J}=18.95\cdot x+18

Consider that both pay the same total cost for their purchases.

Compute the value of <em>x</em> as follows:

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17.95\cdot x+24=18.95\cdot x+18\\\\18.95\cdot x-17.95\cdot x=24-18\\\\x=6

Thus, if both Kelsey and Jeana purchase 6 pairs of uniform pants then they would pay the same amount for their purchases.

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