Aubree invested $500 into a mutual fund that paid 3% interest each year compounded annually. Find the value of the mutual fund in 12 years.

FV= $712.88

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $500

Number of periods (n)= 12 years

Interest rate (i)= 3% compounded annually

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

FV= 500*(1.03^12)

FV= $712.88

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distance covered by pamela in 9 l of fuel = 99km

let us apply unitary method here.

distance covered by pamela in 1 l of fuel =99/9 =11 km

now let us find distance covered by pamela if she has 12 l of fuel.

distance covered in 12 l = distance covered in 1 l of fuel * 12

we know that distance covered by here in 1 l is 11 km.

so distance covered in 12 l of fuel = 11*12 = 132 km.