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3 years ago

What is the balance of an investment after 2 years if the starting amount was 543300

Mathematics

1 answer:

PtichkaEL [24]3 years ago

8 0

Answer:

Step-by-step explanation:

Since it is simple interest, you have to use the formula I = Prt.

(I is interest, P is principal (the starting amount), and r is the & rate as a decimal.

So, the interest would be

I = 543,300 (0.048) (2) = $52,156.80

The balance is the total amount. The balance would be the starting amount plus the interest.

Balance = 543,300 + 52,156.80 = $595,456.80

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In Rivertown High School, about 30% of the students buy a raffle ticket. Given that a student buys a raffle ticket, there is a 1

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The probability that that a randomly selected student will buy a raffle ticket and win a prize = 0.03

Step-by-step explanation:

Step 1 :

Given,

The percentage of students buying the raffle ticket = 30%

The percentage that the student who bought the ticket wins the prize = 10%

We need to determined the probability that randomly selected student will buy a raffle ticket and win a prize.

Step 2 :

The probability that a student buys the raffle ticket = $\frac{30}{100} = \frac{3}{10}$

The probability that a student wins a prize = $\frac{10}{100}$ = $\frac{1}{10}$

The probability that a student who buys the ticket wins a price can be computed by taking the product of the above 2 probabilities.

= $\frac{3}{10}$ × $\frac{1}{10}$ = $\frac{3}{100}$ = 0.03

Step 3 :

Answer :

The probability that that a randomly selected student will buy a raffle ticket and win a prize = 0.03

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Answer:

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