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.
Answer:
a. 4.33.
Step-by-step explanation:
If there is only one correct answer out of four alternatives, the expected proportion of correct answers is p =0.25
Sample size (n) = 100 questions
The standard deviation of a proportion 'p' is given by:
Applying the given data:
If X is the number of correct responses in 100 guesses, the standard deviation of X is:
The standard deviation of X is 4.33 questions.
Answer:
he multiplied by 0.8 not .08
Step-by-step explanation:
when doing 8% you go back 2 places so 0.08
34×0.08= 2.72
34+2.72= 36.72
Hello the answer of above is given by me and this is my second I'd
I have found the answer of Q 4 and it's given in the attachment
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The ratio of 3/20 is 3:20
