Compute the amount of interest earned in the following simple interest problem. A deposit of $5,000 at 8.5% for 120 days = _____
2 answers:
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Answer:
The answer to your question is x = 23.36
Step-by-step explanation:
Solve for x
1250 = 500(1.04)
Apply logarithms
log 2.5 = x log 1.04
x = 0.398 / 0.017
x = 23.36
Answer:
Step-by-step explanation:
Given that events are as follows:
A: A green ball is drawn from a box with five balls and placed next to the box. B: A red ball is drawn next and placed next to the green one
i.e. drawings of balls are made without replacement
Suppose there are m green balls and n red balls, where m+n =5
Prob of drawing green ball =m/5
After I draw made remaining are n red balls and m-1 green balls
Prob of drawing red ball now =n/4
Prob for drawing one green and one red simultaneously =
Product of the two probabilities =