The formula is A=p (1+r)^t A future value? P present value 160000 R interest rate 0.16 T time 3years A=160,000×(1+0.16)^(3) A=249,743.36
Use that future value to find the present value at a rate 8% compounded annually To find p (present value) solve the formula for p P=A÷ (1+r)^t Where r is 0.08 P=249,743.36÷(1+0.08)^(3) p=198,254.33
Because of probability, a green or red bead would be drawn 14/20 times because there are 20 total beads and adding together the numbers for green and red. From this, if you multiply by 3/3 you can see that 42/60 times it will be a green bead. A reasonable prediction for green beads would then be 42 times. Hope it helps :D
