Dylan invested some money into his bank. He agreed a simple interest rate of 3% per annum for a period of 2 years
At the end of the 2 years period the value of his investment increased by 72%
Work out the value Dylan initial investment was?

the initial investment is $1,200

Step-by-step explanation:

The computation of the initial investment is shown below:

As we know that

Let us assume the investment be 100

So, the investment increased be 72

So,

Simple interest = Principal × rate of interest × time period

72 = Principal × 3% × 2 years

So, the principal is

= 72 ÷ 3% × 2

= $1,200

hence, the initial investment is $1,200

the number of possible outcomes that do not show a 1 on the first spinner and show the number 4 on the second spinner is 2.

spinner 1 spinner 2

1                     1

1                     2

1                     3

1                     4

2                   1

2                   2

2                   3

2                   4   = not 1, and 4

3                   1

3                   2

3                   3

3                   4 = not 1, and 4

only 2 outcomes have passed the given condition.

step-by-step explanation:

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720