Mathematics
Mathematics, 28.03.2021 07:20, jocejay83681

You would like to have $10,000 in an account after eight years time. If the account earns 2.5% compounded interest yearly, how much would you have to deposit today

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Kevin has a spinner that has 10 equal sections and 2 sections of each color—red, blue, green, yellow, and purple. kevin spins the spinner 180 times. kevin determines about how many times the spinner will land on red or green, and his work is shown below. -kevin has the formula reversed; it should be the total number of sections over the number of red or green sections. -kevin should have used a 4 in the numerator because there are 2 red sections and 2 green sections. -kevin should multiply by the number of sections in the spinner rather than the total number of spins. -kevin calculated the prediction correctly and did not make any mistakes.
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