The equation for annual interest is A = P(1 + r)^t. We can plug in the known information and get A = 16,000(1 + (0.06))^3.5. Next, we can simplify this equation to A = 16,000(1.06)^3.5. Finally, we raise 1.06 to the power of 3.5 and multiply that by 16,000 and get an answer of $19,619.62.
Hope this helps!
Answer
how much is like saying time the this
Step-by-step explanation:
60,000 time 9.35%= 56100
To find the mean add up all the numbers and divide. The mean absolute deviation is the difference.
Using a discrete probability distribution, it is found that:
a) There is a 0.3 = 30% probability that he will mow exactly 2 lawns on a randomly selected day.
b) There is a 0.8 = 80% probability that he will mow at least 1 lawn on a randomly selected day.
c) The expected value is of 1.3 lawns mowed on a randomly selected day.
<h3>What is the discrete probability distribution?</h3>
Researching the problem on the internet, it is found that the distribution for the number of lawns mowed on a randomly selected dayis given by:
Item a:
P(X = 2) = 0.3, hence, there is a 0.3 = 30% probability that he will mow exactly 2 lawns on a randomly selected day.
Item b:

There is a 0.8 = 80% probability that he will mow at least 1 lawn on a randomly selected day.
Item c:
The expected value of a discrete distribution is given by the <u>sum of each value multiplied by it's respective probability</u>, hence:
E(X) = 0(0.2) + 1(0.4) + 2(0.3) + 3(0.1) = 1.3.
The expected value is of 1.3 lawns mowed on a randomly selected day.
More can be learned about discrete probability distributions at brainly.com/question/24855677