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Lady_Fox
17 days ago
11

Roberta invested $600 into a mutual fund that paid 4% interest each year compounded annually. Write an exponential function of t

he form y=a(b)x to describe the value of the mutual fund then use that function to determine the value of the mutual fund in 15 years
Mathematics
2 answers:
lawyer [9.2K]17 days ago
8 0

Answer:

The exponential equation can be expressed as A = 600(1.04)^15

After 15 years, the value of the mutual fund will be $1,081

Step-by-step explanation:

The worth of the mutual fund after a specific number of years can be represented by the compound interest formula shown below;

A = P(1 + r/n)^nt

In this formula, A stands for the mutual fund's value after 15 years, P represents the principal amount invested, which is $600, r denotes the interest rate at 4% or 0.04 (thus, 4% = 4/100 = 0.04), n indicates the number of times compounding occurs per year (in this case, it is done once a year), and t represents the number of years, which is 15.

Now, substituting in these values gives us;

A = 600(1 + 0.04/1)^15

A = 600(1.04)^15

A = $1,081 approximately

zzz [9K]17 days ago
6 0

Answer:

y = 600*(1.04)^t

When t = 15: y = $1080.57

Step-by-step explanation:

The exponential formula y = a(b)x includes the following variables:

a: initial amount

b: rate of interest plus one

x: duration of the investment

Thus, with an initial investment of $600, an interest rate of 4%, and a duration of 15 years, the equation is:

y = 600*(1 + 0.04)^t = 600*(1.04)^t

Therefore, for a time span of t = 15 years, we find:

y = 600*(1.04)^15 = $1080.57

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Find three solutions for the linear equation 4x −3y = 1, and plot the solutions as points on a coordinate plane.
lawyer [9248]

Answer:

(1, 1), (2, 2.333) and (3, 3.666).

Step-by-step explanation:

To solve this equation, we can select various values for x and then compute the corresponding y values.

<pFor instance, when x = 1, we find:

4*1 - 3y = 1

3y = 3

y = 1

When x = 2, we discover:

4*2 - 3y = 1

3y = 7

y = 2.333

Then for x = 3, we have:

4*3 - 3y = 1

3y = 11

y = 3.666

Therefore, the coordinates we will plot are (1, 1), (2, 2.333), and (3, 3.666).

Refer to the attached image for the plot.

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26 days ago
A quadratic function has a line of symmetry at x = –3.5 and a zero at –9. What is the distance from the given zero to the line o
Svet_ta [9556]

Given:

A quadratic function has a line of symmetry positioned at x = –3.5 with one root located at –9.

To find:

The second root.

Solution:

It is understood that the line of symmetry splits the quadratic function's graph into two identical halves. Hence, both roots are equidistant from this line.

This implies that the line of symmetry passes through the midpoint of the two roots.

Let the other root be denoted as x.

-3.5=\dfrac{(-9)+x}{2}

Multiply both sides by 2.

-7=-9+x

Add 9 to both sides.

-7+9=-9+x+9

2=x

Consequently, the other zero of the quadratic function is concluded to be 2.

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A square lot has sides of 39.875 m<br> Which is the best estimate for the perimeter of the lot?
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Jamal is comparing his transportation options for an upcoming trip. He’s considering a rental car and a taxi service. Based on h
zzz [9093]
The set of rental car rates making it more economical for Jamal than employing taxi services is outlined as A = {x | 0 ≤ x < 26} [where x represents dollars]. The step-by-step breakdown is as follows: Let the rental cost be $x per day. With Jamal's trip extending over 4 days, factoring in $24 for gas, and estimating taxi costs at around $128, an inequality emerges: 128 > 24 + 4x. Thus simplifying leads to 4x < 104 and consequently x < 26.
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6 days ago
Each day that a library book is kept past its due date, a $0.30 fee is charged at midnight. Which ordered pair is viable solutio
tester [8851]

Assume that the number of overdue days for the library book is X, and the total fine is Y.

Liability charges a fee of $0.30 per day for lateness,

Thus, for one day late, the fee equals: 1 * $0.30

For X days late, the fee becomes: X * $0.30.

The total fee Y corresponds to being X days late, so: Y = 0.30 * X.

Next, we'll verify which possible answers satisfy the equation Y = 0.30 * X.

Options one (-3, -0.9) and two (-2.5, -0.75) are invalid since the number of late days cannot be negative, and these give negative values for X.

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2.40 = 2.40.

Therefore, the only correct answer is option four (8, 2.40).

8 0
1 month ago
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