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: it will take 125 additional minutes for both costs to be equal.
Step-by-step explanation:
Let a represent the number of additional minutes that it will it take for the two to be the same.
Company A charges a flat fee of 59.99 a month and .43 additional minutes. This means that the total cost of a additional units would be
0.43x + 59.99
Company B charges 69.99 a month and .35 for additional minutes. This means that the total cost of a additional units would be
0.35x + 69.99
For the cost of the two plans to be the same, it means that
0.43x + 59.99 = 0.35x + 69.99
0.43x - 0.35x = 69.99 - 59.99
0.08x = 10
x = 125
12:4=3
9:3=3
so u multiply each side by 3 to get the second triangle..
answer: 4.5*3 =13.5
Answer: 80
Step-by-step explanation:
Multiple 8 x 10
