This the equation that I have got, not sure if it is correct or if I wrote it correct either.

Question

0

540

1

+361

What equation models the value of the mutual fund x years after it was started?

Hev123 Mar 4, 2018

+1

Best Answer

Not quite right !!

y =1,200 x (1 + 2%)^x

y =1,200 x 1.02^x - this is the correct way of writing it.

Guest Mar 4, 2018

Guest · Answer 1 · 2018-03-04T07:29:50

Not quite right !!

y =1,200 x (1 + 2%)^x

y =1,200 x 1.02^x - this is the correct way of writing it.

​ This the equation that I have got, not sure if it is correct or if I wrote it correct either.