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.
According to the table shown, the function that best represents g (x) is the function g (x) = 2x. This can be shown with the values of the table because if x = -1 then g (-1) = - 2. If x = 0 then g (0) = 0. And if x = 1 then g (1) = 2.
While for f (x) we have:
x f (x)-1 -80 01 8
Then f (x) = 4g (x)
If you're asking for the equation it is:
y=2x+4
Answer:
20 bags
Step-by-step explanation:
