Answer:
$11.22
Step-by-step explanation:
100% = 187
1% = 187/100 = $1.87
6% = 1%×6 = 1.87×6 = $11.22
Answer:The total probability that a random person has an accident in the given year is
.8×.01+.2×.04=0.016
The portion of that which is explained by careful drivers is .8×.01=.08. Thus the answer is
.8×.01.8×.01+.2×.04=.5
Thus it is equally likely that your accident victim was careful or careless.
Speaking informally, that's because, while it's four times more likely that a randomly selected driver is careful, it is one fourth as likely that a careful driver will have an accident, and the two
Step-by-step explanation:
Answer:
$3,200.57
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below.
<em>A = total
</em>
<em>P = principal amount
</em>
<em>r = interest rate (decimal)
</em>
<em>t = time (years)</em>
<em />
First change 15% to its decimal form:
15% -> 
-> 0.15
Next, plug in the values into the equation:
The investment will be worth $3,200.57 in 7 years.
If you do 138 divided by 12 you get 11.5, but since you can't have 11.5 full tables you know that there are only 11 full tables .
