Question

Write the equation for the fund's predicted price after x years.

1) y = 18.76x + 1.18
2) y = 1.18x + 18.76
3) y = 18.76(1.18)x
4) y = 1.17(18.76)x

Answer 1

The equation for the fund's predicted price after x years is y = 18.76x + 1.18.

Step-by-step explanation:

The equation for the fund's predicted price after x years is y = 18.76x + 1.18.

This equation represents a linear relationship between the fund's predicted price (y) and the number of years (x) passed. The coefficient of x, 18.76, represents the rate of increase in the predicted price per year, while the constant term, 1.18, represents the initial price.

For example, if x is 5, the equation would be: y = 18.76(5) + 1.18 = 94.9 + 1.18 = 96.08. Therefore, after 5 years, the predicted price of the fund would be approximately $96.08.