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:
They make heart shapes! hearts look like <3
So pretty much you can get 2 pieces out of each cake with 1/2 left over. Now do this, 2+2+2+2+2=10 now take that 1/2 and do this .5+.5+.5+.5+.5= 2.5 now add that to the 10 and that is your answer
Answer:
this is the answer
Step-by-step explanation: