Answer:
The exponential equation is <em>A = 600(1.04)^15</em>
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The value of the mutual fund after 15 years is <em>$1,081</em>
Step-by-step explanation:
The value of the mutual fund after the number of years can be represented using the compound interest equation below;
A = P(1 + r/n)^nt
Where A is the value of the mutual fund after 15 years, P is the initial amount invested which is $600, r is the interest rate which is 4% or 0.04(4% = 4/100 = 0.04), n is the number of times we are compounding per year(which is 1 since it is a one time payment per year) and t is the number of years which is 15
Let's plug these values, we have;
A = 600(1 + 0.04/1)^15
A = 600(1.04)^15
A = $1,081 approximately
Answer:
1.25x + 1.5y=25
Step-by-step explanation:
let the number of lip balms that can be bought be x and the notebooks be y then their total cost is 1.25x + 1.5y. The total $25 there for the equation becomes 1.25x + 1.5y=25.
12*3= 36
12 and 3 could be factors of 36.
I hope this helped you! <3
Answer:
4 large boxes and 2 small boxes
Step-by-step explanation:
4 X 55 =220 books
2 X 30 = 60 books
Total = 280 books
Answer:
Step-by-step explanation:
5p is the original price
Then 2p is the new price
5p-2p=3p