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.
A1 represents the first term
d represents the common difference.....and since the common difference is 3, u have to add 3 to each term to find the next term....because with an arithmetic sequence u add to find the next term, whereas, in a geometric sequence u multiply to find the next term
5...first term
5 + 3 = 8...2nd term
8 + 3 = 11...3rd term
11 + 3 = 14...4th term
ur answer is B
Using derivatives, it is found that regarding the tangent line to the function, we have that:
- The equation of the line is y = 962x - 5119.
<h3>What is a linear function?</h3>
A linear function is modeled by:
y = mx + b
In which:
- m is the slope, which is the rate of change, that is, by how much y changes when x changes by 1.
- b is the y-intercept, which is the value of y when x = 0, and can also be interpreted as the initial value of the function.
The slope of the line tangent to a function f(x) at x = x' is given by f'(x'). In this problem, the function is given by:
f(x) = 5x³ + 2x + 1.
The derivative is given by:
f'(x) = 15x² + 2.
Hence the slope at x = 8 is:
m = f'(8) = 15(8)² + 2 = 962.
The line goes through the point (8,f(8)), hence:
f(8) = 5(8)³ + 2(8) + 1 = 2577.
Hence:
y = 962x + b
2577 = 962(8) + b
b = -5119.
Hence the equation is:
y = 962x - 5119.
More can be learned about tangent lines at brainly.com/question/8174665
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Answer:
exact form 3/2 decimal form 1.5 mixed number form 1 1/2
Step-by-step explanation:
Answer:
x = 32
Step-by-step explanation:
Given the following data;
Unknown number = x
Translating the word problem into an algebraic equation, we have;
Lowest common denominator (LCD) = 2
We multiply all through by 2;
x = 32
Therefore, the unknown number is 32.
