The interest is computed from
... I = Prt
where P is the principal amount ($569), r is the rate (0.045) and t is the time in years (250/360).
... I = $569×0.045×250/360 ≈ $17.78
Please note that time is not rounded. Rather, the exact value (25/36) is used in the calculation. The only rounding of any number is done at the end, where the amount is rounded to the nearest cent. (Your text authors should know this.)
_____
If you follow the problem instructions (which Valerie's lender will <em>not</em> do), the interest is calculated as ...
... t = 250/360 = 0.6944444... ≈ 0.69 . . . . years
... I = $569×0.045×0.69 ≈ $17.67
_____
Note the rounding of intermediate numbers (time) introduces an error of about $0.11 in the answer.
Answer:
good luck mate
Step-by-step explanation:
good luck
The probability that the first interview occurs on the fifth resume that you sent is 0.2592.
According to the given question.
The probability of being called for an interview, p = 0.40.
So, the probability of not being called for an interview, q = 1 - 0.40 = 0.60
As we know that binomial distribution summarizes the number of trials, or observations when each trial has the same probability of attaining one particular value. The binomial distribution determines the probability of observing a specified number of successful outcomes in a specified number of trials.
Therefore, the probability that the first interview occurs on the fifth resume that you send out
= 
= 5(0.40)(0.1296)
= 0.2592
Hence, the probability that the first interview occurs on the fifth resume that you sent is 0.2592.
Find out more information about probability here:
brainly.com/question/14210034
#SPJ4
Amount in the bank account = 1000(1 + 0.05)^5 = $1,276.28