Answer:
CA=P+2Q
Step-by-step explanation:
the amount of times the die is rolled is equal to 100%
if 2 was to be rolled 4 out of 6 times that would mean it would be 80%
the answer is D.
The simplified ratio is 3:4
Given the formula for future value annuity:
FV of annuity=P[(1+r)^n-1]/r
where:
P=principle
r=rate
n=time
the time taken to repay the loan will be:
1500=90[(1+0.06)^n-1]/0.06
90=90[(1+0.06)^n-1]
1=(1+0.06)^n-1
1+1=(1+0.06)^n
2=1.06^n
introduce natural log
ln2=nln1.06
n=ln2/ln1.06
n=11.8957=12 years
the answer is 12 years.
