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.
3/4. Keep change flip. 1/2 x 3/2 = 3/4
Hello.
The answer is choice A. angle 1 = 118, angle 2 = 118
Explanation:
The four angles above are congruent (meaning the same) to the ones beneath.
Angles 1 and 2 are also congruent, so they will measure the same.
Lets label the angles above A, B, C, D. B being the known angle, which is 118°. The angles beneath can be labelled E, F, G, H.
∠B ≅ ∠D
∠ABCD ≅ ∠EFGH
∠BD ≅ ∠FH
FH (or 1 and 2) equal 118.