The annual returns will be calculated as follows:
a] Here we use the formula:
A=p(1+r/100)^n
A=future amount
p=principle
r=returns
n=time
We are given:
A=500, p=400, t=1
Plugging the values in the formula we obtain:
500=400(1+r)^1
simplifying and solving for r:
1.25=1+r
thus
r=1.25-1
r=0.25~25%

b] Using the formula above:
A=p(1+r/100)^n
A=2500+100=2600, p=2000, n=1 year
plugging the values in the equation we obtain:
2600=2000(1+r)^1
simplifying and solving for r we obtain:
2600/2000=1+r
1.3=1+r
hence
r=1.3-1
r=0.3~30%

7 0

2 years ago

What's the probability of pulling two red cards in a row from a deck of cards?

monitta

Hey there! I'm happy to help!

Let's say that we don't have jokers. In that case, there are 52 cards, and half of them are red (so 26 are red). The probability of pulling a red card once is 1/2 since half the cards are red.

If we pick one out, there are only 51 total cards left and 25 red cards. So, the probability of picking one again would be 25/51.

We multiply the probabilities of these two events to find the probability of them both happening.

1/2×25/51=25/102

The probability of picking two red cards in a row is 25/102 or around 24.5%.

Have a wonderful day! :D

8 0

2 years ago