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The value of the acute angle is 40°
Step-by-step explanation:
Let the angle be 'θ'
Length of the ramp = 1 m
Height = 0.643 m
To find :
The angle of elevation.
we can use sine to find the angle of elevation.
sin θ = 0.643/1
sin θ = 0.643
0.643 = sin 40°
sin θ = sin 40°
So, θ = 40°
The angle of elevation is 40°
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.