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Zolol [24]
3 years ago
15

If you have $100 in a savings account earning 3% interest per year, how much will you have in

Mathematics
2 answers:
ASHA 777 [7]3 years ago
6 0

Answer:

$106

Step-by-step explanation:

You have 100$ in savings account

Interest rate =3%

Time = 2 years

<u>Total in 2 years:</u>

  • 100 + 2*3% = 100 *1.06= $106

defon3 years ago
3 0

The interest formula is as follows:

Amount Invested · Rate = Interest Earned

If we invest $100 at 3% interest per year,

how much do we earn that year?

Well based on our formula, we can simply multiply 100 · 3%.

Think of the 3% as 3/100.

So we have 100 · 3/100 and the 100's cancel and we're left with 3.

So $3 is earned in 1 year.

So after two years, you will have double that or $6.

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Evaluate the expression for the given value of x. 8x + 7 for x = 4
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A job applicant estimates that his chance of passing a qualifying examination is , and his chance of being appointed if he does
Brilliant_brown [7]

The probability that he will receive the job will be 1 / 6

The complete question is given below:-

A job applicant estimates that his chance of passing a qualifying examination is 2/3, and his chance of being appointed if he does pass is 1/4. What is the probability that he will receive the job?

<h3>What is probability?</h3>

Probability is defined as the ratio of the number of favourable outcomes to the total number of outcomes in other words the probability is the number that shows the happening of the event.

It is given that:

The chance of passing a qualifying examination is 2/3=P

and chance of being appointed, if he does pass, is 1/4=P'

Now, we are asked to find the probability that he will receive the job.

We are asked to find the probability that he will receive the job.

The probability is calculated as The probability that he qualify the exam×Probability that he is being appointed.

=P×P'

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