MaryJo is considering investing in 2 different mutual funds. Option A has an annual interest rate of 7% and requires a principal of $10,000 with monthly deposits of $200 for 10 years. Option B has an annual interest rate of 9% and requires a principal of $10,000 with monthly deposits of $200 for 5 years.

The option A mutual funds will be more effective.

Step-by-step explanation:

Option A:

Principal amount = $10000

Monthly deposit = $200

Time = 10 years

Rate of interest = 7%

Total deposit = (200 x 12 x 10) + 10000

= 24000 + 10000

= $34000

Interest = (34000 x 7 ) /100

= 340 x 7

= $2380

Total amount = 34000 + 2380

= $36380

Option B:

Principal amount = $10000

Monthly deposit = $200

Time = 5 years

Rate of interest = 9%

Total deposit = (200 x 12 x 5) + 10000

= 12000 + 10000

= $22000

Interest = (22000 x 9 ) /100

= $1980

Total amount = 22000+1980

= $23980

The option A mutual funds will be more effective.

37/3

step-by-step explanation:

step 1: simplify both sides of the equation.

7x+8(x+

1

4

)=3(6x−9)−8

7x+(8)(x)+(8)(

1

4

)=(3)(6x)+(3)(−9)+−8(distribute)

7x+8x+2=18x+−27+−8

(7x+8x)+(2)=(18x)+(−27+−8)(combine like terms)

15x+2=18x+−35

15x+2=18x−35

tep 2: subtract 18x from both sides.

15x+2−18x=18x−35−18x

−3x+2=−35

step 3: subtract 2 from both sides.

−3x+2−2=−35−2

−3x=−37

step 4: divide both sides by -3.

−3x

−3

=

−37

−3

x=

37

3