Answer:
x = 37
Step-by-step explanation:
Answer:
Percentage of computers working equals:
90%
Step-by-step explanation:
Three of the thirty computers are out of service.
Number of computers working=30-3=27
Total computers=30
Percentage of working computers=
=
= 90%
Hence, Percentage of computers working is:
90%
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.