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.
The number is increasing by 2 every time.
78 x 2 = 156
-4 + 156 = 152
The 78th term is 152
Twenty five dollars answeris
Y=58
Y+14/6=12
Cross multiply to solve
So y+14=72 then subtract 14 so
Y=58
Answer:
22/29
Step-by-step explanation:
Add up all the eight grade student that participated in this survey which is 29.
Then add all the eight grade students that do not play guitar which is 22. So 22/29 is the amount of students that play an instrument other than a guitar in fraction form.
Hopefully you got the correct answer. Let me know if you got it wrong.
