Answer:
$31.50
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 1.5%/100 = 0.015 per year,
then, solving our equation
I = 700 × 0.015 × 3 = 31.5
I = $ 31.50
The simple interest accumulated
on a principal of $ 700.00
at a rate of 1.5% per year
for 3 years is $ 31.50.
49.35 litres
47 times 1.05=49.35
(Sheldon got it right first)
Answer:
0.6988
Step-by-step explanation:
Given that the number of people who use the ATM at night outside your local bank branch can be modeled as a Poisson distribution.
Let X be the number of customers arriving between 10 and 11 am.
X is Poisson with mean= 1.2
Required probability
= the probability that in the hour between 10 and 11 PM at least one customer arrives
= P(X≥1)
=1-P(X=0)
=1-0.3012
= 0.6988
12(months) x 20 (years) = 240
10.98 x 240 = 2635.20
So Arthur will pay $2635.20 over 20 years for premium.
I hope this helps :)
