Answer: 17 • 3 = 51 or 17 x 3 = 51
Step-by-step explanation:
When the problem says that Fine has three more books than Ruth, that means that you have to multiply the amount of books that Ruth has by three.
It could be written as 2500/1
Answer:
The total compound return over the 3 years is 15.26%
Step-by-step explanation:
Let the initial investment sum be assumed to be X
The total return after each year can be calculated as follows:
After First year: X + (13% of X) = 1.13X
After Second year: 1.13X + (20% of 1.13X) = 1.13X + 0.226X = 1.356X
After Third year: 1.356X - (15% of 1.356X) = 1.356X - 0.2034X = 1.1526X
It is apparent from here that after the third year, the investment has increased the initial X, by 0.1526X, which is 15.26%.
The total compound return over the 3 years is 15.26%
