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.
8^2 + 5^2 = 64+25 = 89 = square root 89
I don't have a calculator on me lol.
that specific side opposite the right angle is always the longest angle
a^2+b^2=c^2
Answer:
whats the question? its a little blurry and hard to see
Step-by-step explanation:
Answer:
64
Step-by-step explanation:
the absolute value is how many numbers it is from zero and will always be positive
