Find 10% of $19,200 = 1,920
Find 2% of $1,920 = 384
12% = $2,304
19,200 - 2,304 = 16,896 (year 1)
Repeat this until you have your 5th year :)
-1/4 + f/8 = 1/2.
The LCD is 8. Rewrite this equation as -8/4 + 8f/8 = 8(1/2) and then reduce the result:
-2 + f = =4
Then f = 6.
You should check this result.
Answer:
Expected time is 15 hours for him to get to safety.
Step-by-step explanation:
We define X as the time that this miner would get to safety.
We define Y as the door he chooses initially.
P(Y= 1) = P(Y=2)=P(Y=3) = 1/3
We have E[X|Y=1] = 3
E[X|Y] = 5 hours + E[X}
E[X|Y] = 7 hours + E[X]
Then we have
E[X] = 1/3(3 + 5 + E[X] + 7 + E[X])
We cross multiply
3*E[X] = (15 + 2E[x])
3E[X] - 2E[X] = 15
E[X] = 15
So the time it would take to get him to safety is 15 hours