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 comma 733​, how much was the fund worth last​

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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 comma 733​, how much was the fund worth last​      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1135797: 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 comma 733​, how much was the fund worth last​ year?
How many ounces of a 5 % alcohol solution must be mixed with 18 ounces of a 10 % alcohol solution to make a 6 % alcohol​ solution?
From a point on a straight​ road, Pablo and Maria ride bicycles in the same direction. Pablo rides at 8 mph and Maria rides at 12 mph. In how many hours will they be 34 mi​ apart?
Kevin is three times as old as Bob. Four years ago the sum of their ages was 28. How old is each​ now? (Hint: Write an expression first for the age of each now and then for the age of each four years​ ago.)

Answer by ikleyn(52808) About Me  (Show Source):
You can put this solution on YOUR website!
.

One and only one problem/question per post.



It is THE RULE of this forum.


--------------------

I will solve the #1 only.

x*(1-0.3) = 12,733.


0.7x = 12733


x = 12733%2F0.7.


Use your calculator.