What is the overall value decrease of a mutual fund that starts at $100 1/2 and then loses 1/10 of its value in one day?
To calculate the overall value decrease of the mutual fund, you need to calculate 1/10 of its starting value.
First, convert the starting value from a mixed number ($100 1/2) to an improper fraction.
$100 1/2 = $100 + 1/2 = (200/2) + 1/2 = 201/2
Now, calculate 1/10 of the starting value by multiplying (201/2) by 1/10:
(201/2) * (1/10) = 201/20 = 10.05
Therefore, the overall value decrease of the mutual fund is $10.05.