Hello there! I can help you! The formula for compound interest is P(1 + r)^t, where P= principal (initial amount), r = interest rate (in decimal form), and t = time (in years). Let's do this step by step. First off, we add the rate into 1. 4% is the interest rate (0.04 in decimal form). 1 + 0.04 is 1.04. Now, what we will do is raise that number to the 2nd power, because the time that elapses is 2 years. 1.04² is 1.0816. That's that. Now, multiply 7,500 to find the total amount of money. 1.0816 * 7,500 is 8,112. There. Toby's savings account balance in 2 years is £8,112.
Note: To solve for compound interest questions like it, add 1 to the percentage rate in decimal form, raise that number to a power based on the number of years (for example, raise the number to the 7th power if we are looking for the balance after 7 years), and then multiply that number by the starting amount. After you raise the number by a power, there may be a lot of numbers behind it. Whatever you do, DO NOT delete the number. Keep it there and multiply it by the principal.
Answer:
25 ft
Step-by-step explanation:
The diagram shows two triangles that are similar. Similar triangles have equal angles and sides that are proportional to each other. Since the base of each triangle is given, we can find the proportion of the sides:
Given the ratio of the smaller to larger triangle, we can set up a proportion to find the missing height of the larger triangle:
, where 'x' represent the height of the tree
cross-multiply: x = (5)(5) or 25 ft
Answer:
27
Step-by-step explanation:
x + y = 30
0.05x + 0.15y = 1.80
x = 30 - y
1.5 - 0.05y + 0.15y = 1.80
0.10y = 0.30
y = 3 (bottles)
x = 27 (cans)
