To solve this we need to use this formula:
Answer:
Simple interest is calculated using initial principle while compound interest is calculated considering the interest also .
Step-by-step explanation:
Interest is the cost of borrowing money, where the borrower pays a fee to the lender for using his money. The interest, typically expressed as a percentage, can either be compounded or simple .
Simple interest is based on the principal amount , while compound interest is based on the principal amount and the interest that adds onto it in every period and the final principle is used for calculating the interest.
Simple interest is calculated on the principal amount of a loan and it's easier to find out than compound interest.
Answer:
probability that Caroline buy both CD and fruit = 0.52
Step-by-step explanation:
We have given that the probability of Caroline buys a fruit P = 0.4
So probability of Caroline does not buy the fruit = 1 - 0.4 = 0.6
Probability Caroline buys a CD P = 0.2
So probability of Caroline does not buy the CD = 1 - 0.2 = 0.8
So probability that Caroline does not buy either buy CD or fruit = 0.8×0.6=0.48
So probability that Caroline buy both CD and fruit =1-0.48 = 0.52
Practice proportionality. A 50 difference between 100 and 150 is less relevant than 50 in 25 and 75. Its like you have 1 billion dollars and i give you 10 dollars. Its worthless right? What if you have 20 dollars and i give you again 10 dollars, its half of what you have. See the difference? Same number but different value.
