sugandiwoodbine
07.05.2021 •
Mathematics
If Jimbob invests $150 in a Roth IRA that earns an annual interest rate of 8% at the age of 18, then how much money will he have in it when he turns 60? [Put Your Answer in Blank #1]
How much would Jimbob have if he waited to start investing until he was 30 years old, and then put $150 in the same Roth IRA with 8% annual interest until he was 60? [Put Your Answer in Blank #2]
How much more money would Jimbob have if he put the $150 in the Roth IRA at the
age of 18? [Put your Answer in Blank 3]
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Ответ:
You wrote the equation wrong- he starts with 9 pencils so that's a constant and he sharpens 11 pencils for every minute. The equation would be 9+11x with x being the amount of minutes, which in this case is 7. So you just substitute and solve.
9+11x
9+11(7)
9+77
86
Hope this helps!