A certain index fund starts out at $100 and decreases by 5% every year.

1 answer:

6 0

$59.87

Step by step explanation This is how I got the answer to your question and I gave you the solution I hope this helps you out

You might be interested in

A movie rental website charges $5.00 per month for membership and $1.25 per movie.How many movies did Andrew rent this month if

Oksanka [162]

So to start subtract $5 from $16.25 for the monthly membership
That gives you $11.25
So then you Just divide...
$11.25 divided by $1.25
which gives you 9
So bill rented 9 movies for the month

Hope this helped! :)

6 0

3 years ago

What is 19.184 times 0.46

Anni [7]

19.184*0.46=8.82464 the answer is: 8.82464

6 0

3 years ago

Read 2 more answers

Which are true?

Tanzania [10]

Answers:

True. All states have a different approach to collecting revenue, which is money they spend on government programs. Most states have income taxes, but a state like Florida doesn't have income taxes. Instead they rely on sales taxes and property taxes. The general rule is that if one tax is missing, then chances are the other tax rates are higher to make up the lack of funds (that the missing taxes would provide).
False. States vary in sales tax rates. For instance, Alabama's sales tax is 4% while Arkansas is 6.5%
True. You can do an online search of "states without sales tax" to find sources to help confirm this. Keep in mind that while the state overall does not impose sales tax, this does not mean the city and/or county governments won't impose sales tax. Unfortunately it's hard to escape taxes and sales tax is just one of those inevitable things.
True. As mentioned in problem 3, local governments (city and/or county) tend to impose taxes of their own on top of state sales taxes. Sales taxes fund state programs while local taxes fund local programs. Though some local government programs will use state or federal dollars.

6 0

3 years ago

1. 8y = 48<br> 2. q — 12 = 1<br> 3. 18 = a/2<br> 4. r/3 = 7<br> 5. 11 = m — 4

Nookie1986 [14]

Hello!

1. 8y = 48 => y = 48 : 8 => y = 6

2. q - 12 = 1 => q = 1 + 12 => q = 13

3. 18 = a/2 => a = 18 × 2 => a = 36

4. r/3 = 7 => r = 3 × 7 => r = 21

5. 11 = m - 4 => m = 11 + 4 => m = 15

Good luck! :)

6 0

3 years ago

What is 27.35 expressed as a mixed number?

zheka24 [161]

Firstly, you know you have 27 (35/100)

Make this an improper fraction. 2735/100

Simplify this as much as you can. 547/20

Find how many times 20 will go into 540, and use the 7/20 as the fraction part of your mixed number.

Now, make as many whole as you can and states your remaining. 27 7/20

4 0

3 years ago