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.
<h3>
Answer: 8</h3>
Reason:
Replace p with 2 and evaluate.
Think of a cube that is 2 units along each side. It's volume is 2*2*2 = 8 cubic units. Repeated multiplication can be shortened to using exponents.
Another example: 
Answer:
5.66 units.
Step-by-step explanation:
cos 25 =- adjacent side / hypotenuse
cos 25 = 4 / AB
AB cos 45 = 4
AB = 4 / cos 45
= 5.66.
