Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
The given scenario falls under the category of conditional probability. There are a total of 56 people in the fishing group described above. The probability that the a person caught a fish and fished from a boat is 24/56. The probability that he fished from a boat is (24+11)/56. For the conditional probability in this item is,
P = (24/56) / ((24+11)/56) = 24/35 = 0.69