Answer:
Step-by-step explanation:
Given that the Martian Colonies elect their government through a lottery. There are 100,000 people living on Mars
every year, a council of 99 co-equal leaders is randomly selected from the population.
Since these are members, order of selection of not important
So combinations woul dbe used here.
Total number of persons avaiiable = 100,000
No of persons to be selected = 999
No of ways this can be done =
999 out of 100,000
=
Answer:
$18,726.11
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First lets change 9% into a decimal:
9% -> -> 0.09
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
<u>The balance after 5 years is $18,726.11</u>