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.
Probabilities are used to determine the chances of events
The value of the probability P(x < 24) is 0.7895
<h3>How to calculate the probability
P(x < 24)?</h3>
This is calculated as:

So, we have:

Evaluate the sums

Evaluate the quotient

Hence, the value of the probability P(x < 24) is 0.7895
Read more about probabilities at:
brainly.com/question/9385303
Answer: C
Step-by-step explanation: Hope this help :D
Answer:
-8
Step-by-step explanation:
you have to make them equivalent so and the one thing missing from the other side of the equation