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In 3000(1-.06)^2 what does 2 represent

User Optio
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Final answer:

In the expression 3000(1-.06)^2, the 2 represents an exponent indicating that (1-0.06) or 0.94 should be multiplied by itself.

Step-by-step explanation:

The expression 3000(1-.06)^2 is typically seen in mathematics, particularly in algebra or finance. In this expression, the number 2 represents the exponent or power to which the term (1-0.06) is raised.

Essentially, you would subtract 0.06 from 1, getting 0.94, and then multiply 0.94 by itself because it is raised to the power of 2.

Exponents are a shorthand way to indicate how many times to multiply a number by itself. In dealing with decimal numbers and scientific notation, exponents also dictate how many places to move the decimal point.

A positive exponent means you move the decimal to the right (for numbers greater than 1), and a negative exponent means to move it to the left (for numbers less than 1).

User Derek Fan
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