Latasha has a savings account with $20 that earns 1% simple interest per year.how much money will she have in 8 years, to the ne
1 answer:
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To solve this question, use the Binomial probability formula.
The formula is given by
Where:
n = the number of trials
x = the sample we aim to try
p = the probability of success
In this question:
n = 16
x = 9
p = 0.5
Substituting in the equation:
And the combination formula:
Then:
Answer: The probability is 0.1746.