The formula for calculating the simple interest is given by
Here, P = Principle amount
r = annual interest rate in decimal
t = time in years.
Now, if we invest for months or week then in order to find the simple interest, we must convert the units in years.
Therefore, d is the correct option.
d) Interest rates are annual, so you must convert the units into years.
Answer:
This is the same as writing (n-m)/n
Don't forget about the parenthesis if you go with the second option.
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Explanation:
The probability that she wins is m/n, where m,n are placeholders for positive whole numbers.
For instance, m = 2 and n = 5 leads to m/n = 2/5. This would mean that out of n = 5 chances, she wins m = 2 times.
The probability of her not winning is 1 - (m/n). We subtract the probability of winning from 1 to get the probability of losing.
We could leave the answer like this, but your teacher says that the answer must be "in the form of a combined single fraction".
Doing a bit of algebra would have these steps
and now the expression is one single fraction.