At a DBE lecture of 100 students, there are 29 women and 23 men. Out of these students, 4 are teachers and 24 are either men or
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The first year, the amount is 40,000
the second year is 40000 + 4.2% of 40000, or 0.042 * 4000, so 40000+(0.042*4000)
common factoring that we get 40000(1 + 0.042), or just 40000(1.042)
in short, the starting amount is 40000, and to get the next term's value you'd use the "common ratio" of 1.042, namely the multiplier of 1.042.
for the third year it'll be 40000(1.042) + (0.042 *40000(1.042) ), again, common factoring that
40000(1.042)(1 + 0.042) or 40000(1.042)(1.042) or 40000(1.042)²
therefore,
the second year is 40000 + 4.2% of 40000, or 0.042 * 4000, so 40000+(0.042*4000)
common factoring that we get 40000(1 + 0.042), or just 40000(1.042)
in short, the starting amount is 40000, and to get the next term's value you'd use the "common ratio" of 1.042, namely the multiplier of 1.042.
for the third year it'll be 40000(1.042) + (0.042 *40000(1.042) ), again, common factoring that
40000(1.042)(1 + 0.042) or 40000(1.042)(1.042) or 40000(1.042)²
therefore,