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Ratling
10 days ago
6

An investment fund starts at $0 and grows at a rate of $100 per month. Another fund starts at $4000 and reduces by $720 per year

. After how long will the funds have the same amount of money?
Mathematics
1 answer:
Zina [9.1K]10 days ago
6 0
The answer is: 2 years and 1 month. This duration at $100 per month totals to $2,500. The calculation is $720 per year over 2 years results in $1,440. Monthly, this amounts to $60, making the total $1,500 after adding the two figures. Therefore, $4,000 - $1,500 leaves us with $2,500.
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