Answer:
$6414
Step-by-step explanation:
Step one
given
Principal=$2,000
rate= 6%= 0.06
Time= 20 years
Required
The final amount
Step two:
The compound interest formula is
A= P(1+r)^t
substituting we have
The amount given to the college is $6414
use the probability model listing all 6 possible outcomes when rolling a six-sided number cube. what is the probability of rolli
1 answer:
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Answer:
0.3
Step-by-step explanation:
Given: The odds of winning a contest are 3:7
To find: probability of winning the contest
Solution:
Probability refers to chances of occurrence of an event.
Odds are defined as (chances for success) : (chances against success)
Probability of winning = (chances for success) : (chances for success + chances against success)
As odds of winning a contest are 3:7,
(chances for success) : (chances against success) = 3:7
So,
Probability of winning the contest =