ellabarzyk5449 ellabarzyk5449

06-07-2021
Mathematics

contestada

Mia invests $5,000 in an index fund. After 1 year, the fund's share price has increased by 8%. How much did Mia gain?

Respuesta :

Ngoc1ari Ngoc1ari

06-07-2021

Answer: In the end, she has $5400 in total, so she must gain $400 on her investment.

Step-by-step explanation:

8% is 0.08 >>> add 1 to it = 1.08

5000*1.08 = 5400

or the other way to do this is 5000*0.08 = 400 and then 5000+400=5400

Hope this helps!

Answer Link

Otras preguntas

Which component of blood protects us from invading material

Tamara sells her ice cream in 43 ounce and 26 ounce cartons. One Friday , she sold 11 cartons filled with 371 ounces of ice cream . How many large and small car

Match the following types of government with their key characteristic. 1. direct democracy popular vote on policies 2. socialist organized body of native peop

The same bird has a weight of 15N what must the upthrust be for the bird to remain in flight

What is the common difference for the arithmetic sequence: 8.6, 6.2, 3.8, 1.4, −1, −3.4, …

Define the following terms of Egyptian mythology and religion: - Ammit - Anubis - Osiris

Identify the conditions for an inelastic collision in a closed system. Check all that apply.

Help me please ior i wont pass this semester thanks Why were tribunes of the plebs so powerful in Roman government? A. They served as leaders in times of e

What generalizations can you draw about the physical features of the region?

Your organization wants to implement a 5-year rotation plan for all of its computing devices. What percentage of the computer fleet will have to be replaced eve