In each situation, tell whether you would want a higher or lower interest rate. explain your reasoning. a. you borrow money you would want a lower/higher interest rate because you would pay less/pay more/receive less/ receive more. b. you open a savings account you would want a lower/higher interest rate because you would pay less/pay more/receive less/ receive more.

Step-by-step explanation:

a. you borrow money

You would want a lower interest rate because you would pay less

b. you open a savings account

You would want a higher interest rate because you would receive more.

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%