Answer: 3.11637
Explanation: The hundred thousandths place is in the fifth place after the decimal. To avoid remembering this, you can simply note that the first place after the decimal is the tenths. You simply keep progressing as you would in whole numbers.
For example 10 becomes 100 when a zero is added. This zero is always added right beside the first zero and indicates the hundreds place.
Furthermore, the general rule for rounding is if the number after the preferred rounding place is 4 or less, the number remains the same. 5 or more means it goes up by one digit.
Answer:
<u>$4800</u>
Step-by-step explanation:
The expected net income is the probability when rains multiplied by net income (profit) summed with the probability of not raining with that days net income multiplied.
First, Chance of rain = 12% = 12/100 = 0.12
Profit/Loss = Income - Cost
Income is 5000
Cost = 9000
So,
Loss = 5000 - 9000 = 4000
Or, Net Income (profit) = - 4000
Now, Change of not raining = 100 - 12 = 88% = 88/100 = 0.88
Profit = Income - Cost
Income = 15,000
Cost = 9000
Net Income (profit) = 15000 - 9000 = 6000
So, we can write the expected net income as:
<u>Expected NI </u>= (0.12)(-4000) + (0.88)(6000) = <u>$4800</u>
Errrmmm.... Where is the expression?
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.
