An initial investment of $1,500 was made in the first month. In the second month, $1,507 was invested, while in the third month, the investment increased to $1,514. The monthly investments then continued using this arithmetic progression. How much was the portfolio worth after 60 months?

$102390

Step-by-step explanation:

An initial investment of $1,500 was made in the first month. In the second month, $1,507 was invested, while in the third month, the investment increased to $1,514.

The monthly investments then continued using this arithmetic progression up to 60 months.

Therefore, total portfolio worth after 60 months will be

= 1500 + 1507 + 1514 + ........... + (1500 + 59 × 7)

= 1500 + 1507 + 1514 + ............. + 1913

This is an A.P. series whose sum will be

dollars. (Answer)

7. d. 64

8. i. 32

9. c. 125

10. j. none of the above

11. d. 81

12. i. 216

13. e. none of the above

14. g. 240

15. e. none of the above

16. g. 32

17.   e. none of the above

you would have to sell 24 bracelets.

step-by-step explanation:

84/3.5 = 24