Answer:
Step-by-step explanation:
1. -7 = w + 5
w = -12
(-12 + 5 = -7)
2. -4p + 38 = 10
-38 -38
-4p = -28
/-4 /-4
p = 7
3. -3 1/2 = -1 1/4b
/1.25 /1.25
-2 4/5 = -b
2 4/5 = b
or
2.8 = b
The way is see the problem causes the answer to be 27x<span />
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.
13.02 Multiply 12 by 0.085, which is 8.5% in decimal form. You get 1.02. Add that to your original price, 12, and you get $13.02