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Cerrena [4.2K]
3 years ago
8

ray and hunter sell newspapers after school. ray earns $11 more than hunter. if ray earns $25,how much money does hunter earn?

Mathematics
1 answer:
MrRa [10]3 years ago
6 0

Answer:

$14

Step-by-step explanation:

This should be simple, if ray earns $11 more, than hunter earns $25-$11, or $14

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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.

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