Answer:
present value = $16750
Step-by-step explanation:
The simple interest formula allows us to calculate A, which is the final amount. According to this formula, the amount is given by A = P (1 + r*t), where P is the principal, r is the annual interest rate in decimal form, and t is the loan period expressed in years
simple interest formula:
t: time
P: present value
A: amount
r
: anual interest
A = P (1 + r*t)
P = A / (1 + r*t)
P = 19,513.75 / (1 + 3/100 * 5.5)
P = 19,513.75/ (1 + 0.165)
P = 19,513.75 / 1.165
P = 16750
present value = $16750
Answer:
The probability you see a dolphin or a whale on both days is 0.64
Step-by-step explanation:
Consider the provided information.
It is given that the brochure claims an 80% chance of siting a dolphin or a whale.
The provided claims can be written as: 80% or 0.80
Let say first day you see a dolphin or a whale and same happen on the next day.
Thus, the probability is:
0.80 × 0.80 = 0.64
Probability of see them on both days is 0.64
Hence, the probability you see a dolphin or a whale on both days is 0.64
Your answer is C. 500,000
