We have been given that an account is opened with a balance of $3,000 and relative growth rate for a certain type of mutual fund is 15% per year.
In order to tackle this problem we have to find the value of mutual fund after 5 years. For our purpose we will use compound interest formula.
,where A= amount after t years, P= principal amount, r= interest rate (decimal) and t= number of years.
After substituting our given values in above formula we will get
Now we will solve for A
Therefore, after 5 years mutual fund is worth $6034.07.
Answer:
there are 46.80 milligrams in 6 ounces.
Step-by-step explanation:
Okay so you take the number of weekdays to the number of weekends the ratio is 5:2 one month, which usually has 30 days which is 4 weeks tops so that is about 21 week days and and 9 weekends then times both by 12 you get 108 weekends and 252 weekdays i know that only equals 360 but this is a rough estimate so write that as a fraction 3/7 so there is a third that it will be on a weekday
You just literally mark the graph, you see the 1st points (2,12) go on the X axis to 2, then go up to 12 and mark that as a point. and continue with this tactic with the rest.
Answer:
The simplified version is 17y + 6.
Step-by-step explanation:
14y + 6 + 3y
17y + 6
