Answer:
150
Step-by-step explanation:
Since the value of the bond increases by 4% each year and only 1 year passed by then the ROI is not compounded and we only need to find the value before the 4% was implemented. In order to add 4% to a value we would multiply that value by 1.04 which increases that value by 4%. So, to find the value before the interest was added we would need to divide the new value by 1.04 instead.
$156 / 1.04 = $150
Finally, we can see that the value of the bond when Tyler's mom purchased it was 150
Answer:
50 and 10
Step-by-step explanation:
x+4x+10=y
y is 60
x+4x+10=60
5x+10=60
5x=50
x=10
or
10*4=40
40+10=50
50+10=60
X=12 because you would sub the 3 on both sides