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.
Yes the distributive property is used to expand expressions, but it is also used to make it simpler.
For an example
3(x+4) + 3(y-8)
This is the same thing as
3x + 12 + 3y -8
Answer:
degree measure = 360° × percent of data
Step-by-step explanation:
The ratio of the degree measure of a sector of a circle graph to 360° is the same as the ratio of the represented data to the whole amount of data.
The idea of a circle graph is that the area of the sector is proportional to the data being represented. That is, if the data represented is 10% of the whole, then the sector area is 10% of the whole. Sector area is proportional to the degree measure of its central angle, so the example sector would have a central angle of 10% of 360°, or 36°.
The ratio of the central angle of the sector to 360° is the same as the percentage of data that sector represents.
Answer: 16/24
Step-by-step explanation: Find out a common denominator: 8,16,24 and 3,6,9,12,15,18,21,24. Which is 24.
Take 5/8 multiplied by 3 because its the 3rd multiple of 8. Which is 15/24.
Then, take 2/3 and multiply by 8 because its the 8th multiple of 3. This will give you 16/24.
Make sure to multiply both the top and bottom. :D
Answer:
<em>Find the probability of success in a single trial and then think about the nature of the problem (when do we stop). </em>
Step-by-step explanation:
Observe that in the single trial, we have (8 4) possibilities of choosing our set of balls. If we have chosen two white balls and two black balls, the probability of doing that is simply
p=(4 2)*(4 2)/(8 4)
This is well know Hyper geometric distribution. Now, define random variable X that marks the number of trials that have been needed to obtain the right combination (two white and two black balls). From the nature of the problem, observe that X has Geometric distribution with parameter p that has been calculated above. Hence
P(X = n) = (1— p)^n-1 *( p )
<em>Find the probability of success in a single trial and then think about the nature of the problem (when do we stop). </em>
