The linear combination method is applied to a system of equations as shown.
1 answer:
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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.
,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.
Answer:
Option (2).
Step-by-step explanation:
This question is incomplete; here is the complete question and find the figure attached.
In the diagram of a circle O, what is the measure of ∠ABC?
27°
54°
108°
120°
m(minor arc ) = 126°
m(major arc ) = 234°
By the intersecting tangents theorem,
If the two tangents of a circle intersect each other outside the circle, measure of angle formed between them is half the difference of the measures of the intercepted arcs.
m∠ABC =
=
= 54°
Therefore, Option (2) will be the answer.
