Hello there! I can help you! The formula for compound interest is P(1 + r)^t, where P= principal (initial amount), r = interest rate (in decimal form), and t = time (in years). Let's do this step by step. First off, we add the rate into 1. 4% is the interest rate (0.04 in decimal form). 1 + 0.04 is 1.04. Now, what we will do is raise that number to the 2nd power, because the time that elapses is 2 years. 1.04² is 1.0816. That's that. Now, multiply 7,500 to find the total amount of money. 1.0816 * 7,500 is 8,112. There. Toby's savings account balance in 2 years is £8,112.
Note: To solve for compound interest questions like it, add 1 to the percentage rate in decimal form, raise that number to a power based on the number of years (for example, raise the number to the 7th power if we are looking for the balance after 7 years), and then multiply that number by the starting amount. After you raise the number by a power, there may be a lot of numbers behind it. Whatever you do, DO NOT delete the number. Keep it there and multiply it by the principal.
<u>Answer:</u>
<h2>-33.33%</h2>
<u>Explanation:</u>
30-45 = -15
percent of change = 100(-15/45) = -33.33%
Answer: 2√ 10
Step-by-step explanation:
Answer:
<u>The approximate total weight of the grapefruits, using the clustering estimation technique is B. 35 ounces.</u>
Step-by-step explanation:
We notice that the weights of the grapefruits given are slightly down or above 7, then we will use <em>7 as our cluster</em> for the estimation, as follows:
Weights
7.47 ⇒ 7
7.23 ⇒ 7
6.46 ⇒ 7
7.48 ⇒ 7
6.81 ⇒ 7
<u>Now we can add up 7 + 7 + 7 + 7 + 7 for the weights of the grapefruits and the approximate total weight is B. 35 ounces.</u>
it's probably 679 whole tenths
