Should be chosen the bigger propability
0,6>0,4
Average speed = total miles driven / total driving time
average speed = (150 + 100) / (3 + 1 1/2) =
250 / (4 1/2) =
250 / (9/2) =
250 * 2/9 =
500 / 9 = 55.55 mph
The formula is
A=p (1+r)^t
A future value?
P present value 160000
R interest rate 0.16
T time 3years
A=160,000×(1+0.16)^(3)
A=249,743.36
Use that future value to find the present value at a rate 8% compounded annually
To find p (present value) solve the formula for p
P=A÷ (1+r)^t
Where r is 0.08
P=249,743.36÷(1+0.08)^(3)
p=198,254.33