we know that
The formula of simple interest is equal to
In this problem
we have
I=$170
P=$8,500
r=4%=4/100=0.04
t=?
substitute given values in the formula
therefore
0.5 years=6 months
<h2>The answer is 6 months</h2>
Find the product 867 and 49
2 answers:
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Answer:
Consider the complete question is,
'The odds in favor of frank McKinney winning a hot dog eating contest are 2:9,
- Determine the probability that Frank will win the contest,
- Determine the probability that Frank will not win the contest'
Solution :
We know that,
Odds in favor : the ratio of the number of ways that an outcome can occur compared to how many ways it cannot occur.
We have,
So, total outcomes = 2 + 9 = 11,
Thus, the probability that Frank will win the contest =
And,
The probability that Frank will win the contest =