Answer:
r= 1r- eR = r
Step-by-step explanation:
r-r = ER final answer to equal r= -ER
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.
The probability of multiple events happening is found by multiplying the probabilities of each event together.
So yes, 1/10 is the answer :)
Slope = 4 but I need to get to 20 characters to reply to this question. Have a nice day