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4 April, 06:12

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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  1. 4 April, 09:13
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    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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