There is a bag filled with 3 blue and 5 red marbles. A marble is taken at random from the bag, the colour is noted and then it is not replaced.
Another marble is taken at random.
What is the probability of getting 2 reds?

At the beginning of year 1, carlos invests $600 at an annual compound interest rate of 4%. he makes no deposits to or withdrawals from the account. which explicit formula can be used to find the account's balance at the beginning of year 5? what is, the balance?