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
The correct inequality is 4 × x + 72 > 400. The Pine Bluff Middle School dance committee generated $72 from a fundraiser and earns $4 per ticket sold for the Spring Fling dance, which costs $400. Let x be the number of tickets sold. The total money raised by the committee amounts to 4 × x + 72. To ensure they have remaining funds after covering the costs of the dance, the inequality reflecting the number of tickets needed to sell is expressed as 4 × x + 72 > 400.
