1. Malik has $30,000 in a savings account that earns 8% annually. The interest is not compounded. How much total money will he
have in 2 years after collecting the interest?
a. How much simple interest did Malik receive?
$
b. How much total money does Malik have after the 2 years?
$

Step-by-step explanation:

I= prt

I= 30000×8%×2

I= 4800

total = 30000+4800

=34800

0.16 or 16%

step-by-step explanation:

lets take a coin for example.

if you toss it twice, it has a 1/4 chance of landing on heads both times because 1/2 * 1/2 is 1/4.

with the cards, the chance of picking dog is 0.4. having two people pick one is like picking a card twice in a row. so 0.4 * 0.4 is 0.16, or 16%