A contractor is considering a sale that promises a profit of 26,000 with a probability of 0.7 or a loss (due to bad weather stri
2 answers:
Answer:
A
Step-by-step explanation:
The expected profit would be the sum of all the possibility multiplied. It means,
<em>"We need to multiply the profit by its possibility and add it with the product of the loss and its possibility."</em>
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This will be the expectation, or expected profit.
Let's do it:
Expected Profit =
The correct answer is A
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Answer:
He must invest R297 521 today.
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Banabas must pay his ex-wife an amount of R350 000 in two years’ time.
This means that
Interest rate of 8.15% per annum compounded monthly:
This means that .
Amount he must invest today:
This is P. So
He must invest R297 521 today.