Hope this helped! I decided to write it out for you so it would be easier to explain.
Answer:
Principal = Total ÷ (1 + Rate)^years
That formula is found here: http://www.1728.org/compint2.htm
Principal = 3.000 / (1.03) ^ 15
Principal = 3.000 / 1.5579674166
Principal = $1,925.59
Step-by-step explanation:
Answer:
480 ...12%9 of 8000 ÷2...
So we know there are 5 red and 12 silver marbles, together making 16 marbles.
This would mean that there is a 5/17 chance of choosing a red marble.
When you do the math to convert 5/17 into a decimal, it turns into being a .29 chance.
Convert .29 into a decimal, and you know that you have a 29% chance of grabbing a red marble.
Hope this helped!
- Kathryn Irene
