there are 8 letters
2/8 to get i on the first draw
1/7 to get i on the second draw (no replacement)
2/8 * 1/7 = 2/56
1/28
The probability is 1/28
Answer:
C) 4
Step-by-step explanation:
Just plug in 500 for p, 0.2 for r (because 20% is equivalent to 0.20), and 2 for t:

So, if you start with $500 and charge an interest rate of 20% for 2 years, you will gain $200 to get $700 in total.
10x2000= 20,000
2000
X 10
--------
0000
20000