Problema Solution
Due to a slump in the economy, a mutual fund has dropped by 30% from last year to this year. If the fund is now worth %12,495, how much was the fund worth last year?
Answer provided by our tutors
Due to the slump in the economy,
a mutual fund has dropped by 30% from last year to this year.
If the fund is now worth $12,495,
The fund was worth last year $17 850