Answer:
a) 
b) The balance after 8 years will be of $29,069.
Step-by-step explanation:
Compound interest:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
a)
Loan of $17,500 means that 
6.4% interest rate means that 
Compounded monthly means that 
. So
b)
This is A(8). Then
The balance after 8 years will be of $29,069.
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Answer:
Step-by-step explanation:
Move the -4 over to the other side.
Divide both sides by 3.
Answer:
Domestic Stamps: 60
Foreign Stamps: 36
Step-by-step explanation:
96 - 24 = 72
72 ÷ 2 = 36
36 + 24 = 60
d - f = 24
60 - 36 = 24
24 = 24
d + f = 96
60 + 36 = 96
96 = 96
Since there are equal numbers of pieces, the chances of Julio getting a red on the first pull is 12/24 or 1/2 (reduced)
However on the second pull there are only 11 reds (Julio pulled one out) out of 23 remaining pieces so the chances of pulling the second red are 11/23
Now multiply those possibilities:
1/2 x 11/23 and you will get 11/46 which is the probability of pulling two reds in a row. 11/46 is the answer.
