RoedyMcCowen RoedyMcCowen

04-02-2020
Mathematics

contestada

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 $13,902, how much was the fund last year?

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colesonpennock62 colesonpennock62

04-02-2020

Answer: The Fund last year was 19,860

Step-by-step explanation:

Just set up a ratio using 70 over 13902 and set it equal to 100 over x and cross multiply to get x = 19,860

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