Each month the new total you be
initial amount * 1.024
Repeating the process for a year (=12 months) you get
initial amount * 1.024^12
Being initial amount = $100
100*1.024^12 = $132.92
After 1 year you will have $132.92
Answer:
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Step-by-step explanation:
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The number of races the team need to win today for the team to have a 75% success rate is 15
Number of attempt = 45
Number of winnings = 30
Percentage won so far = 30/45 × 100
= 66.67%
let
x = Number of races that tfe team needs to win to have 75% success rate
(30 + x) / (45 + x) = 0.75
Cross product
30 + x = 0.75(45 + x)
30 + x = 33.75 + 0.75x
x - 0.75x = 33.75 - 30
0.25x = 3.75
x = 3.75 / 0.25
x = 15
Therefore, the number of races the team need to win today for the team to have a 75% success rate is 15
Learn more about percentage:
brainly.com/question/7225231
Answer:
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Step-by-step explanation: