Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12. The amount of money (in trillions of dollars) that is invested in passively managed mutual funds can be approximated by the function A(x) =

image text in transcribed
image text in transcribed
12. The amount of money (in trillions of dollars) that is invested in passively managed mutual funds can be approximated by the function A(x) = 0.38(1.11)", where x = 1 corresponds to the year 2001. (a) What was the amount of money in passively managed mutual funds in 2013 and 2017? (b) If the trend continues, what is the first full year when the amount of passively managed mutual funds exceeds $6.5 trillion? (a) Which of the following describes how to find amount of money in passively managed mutual funds in 2013 using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A. To find the amount of money in passively managed mutual funds in 2013, find the intersection point of the graphs y = 0.38(1.11)" and y = The amount of money in passively managed mutual funds in 2013 is represented by the y-coordinate O B. To find the amount of money in passively managed mutual funds in 2013, substitute for x and evaluate to find f(x). In 2013, the amount of money in passively managed mutual funds was about $ trillion. (Type an integer or decimal rounded to the nearest hundredth as needed.) Which of the following describes how to find the amount of money in passively managed mutual funds in 2017 using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) O A. To find the amount of money in passively managed mutual funds in 2017, substitute for x and evaluate to find f(x). J B. To find the amount of money in passively managed mutual funds in 2017, find the intersection point of the graphs y = 0.38(1.11)" and y = The amount of money in passively managed mutual funds in 2017 is represented by the y-coordinate. In 2017, the amount of money in passively managed mutual funds was about $ trillion. (Type an integer or decimal rounded to the nearest hundredth as needed.) (b) Which of the following describes how to find the first full year in which the amount of passively managed mutual funds exceeds $6.5 trillion using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A. To find the first full year in which the amount of money in passively managed mutual funds surpasses $6.5 trillion, find the intersection point of the graphs y = 0.38(1.11)" and y = The first full year in which the amount of money in passively managed mutual funds surpasses trillion is represented by the x-coordinate O B. To find the first full year in which the amount of money in passively managed mutual funds surpasses $6.5 trillion, substitute for x and evaluate to find f(x). The first full year in which the amount of passively managed mutual funds exceeds $6.5 trillion is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Number Theory

Authors: Underwood Dudley

1st Edition

0486134873, 9780486134871

More Books

Students also viewed these Mathematics questions

Question

Contrast the methods employed by Titchener and Brentano.

Answered: 1 week ago