Answer:
C 714,696
Step-by-step explanation:
89,337 x 8 =
The future value of cash whose initial value is $845, at the rate of 11.3% for 7 years will be calculated using the compound interest rate, that is:
A=p(1+r/100)^n
where:
A=future amount
r=rate=11.3%=0.113
time=7 years
thus the future value of our cash will be:
A=845(1+0.113)^7
A=845(1.113)^7
A=$1,787.82
Answer:
The probability that all will last at least 30,000 miles is 0.3164.
Step-by-step explanation:
Consider the provided information.
For a particular tire brand, the probability of wearing out before 30,000 miles is 0.25. Someone who buys a set of four of these tires,
That means the probability of not wearing out is 1-0.25 = 0.75
Now use the binomial distribution formula.

Substitute p = 0.25, q=0.75, r=4 and n=4



The probability that all will last at least 30,000 miles is 0.3164.
17 • 4 is the equation that represents the product