Answer:
D. m²
Step-by-step explanation:
Area of the sector = ½*r²∅
Where,
Radius (r) = 15 m
Angle in radians (∅) =
Plug in the values into the equation
Area of sector =
Area of sector =
Area of sector =
Area of sector =
Simplify
Area of sector =
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.