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Artyom0805 [142]
3 years ago
11

Mitchell has decided to use a credit card to buy a new gaming system. The price of the item with tax is $318. If he makes the mi

nimum payment of $15 each month, it will take him 26 months to pay off the debt at an 18% interest rate. The total interest will be $67.64. How much will the item cost if Mitchell uses a credit card and only makes the minimum payment each month?
Mathematics
2 answers:
saw5 [17]3 years ago
6 0

Answer:

The item will cost $385.64.

Step-by-step explanation:

The price of the item with tax is = $318.

If he makes the minimum payment of $15 each month, it will take him 26 months, this will cost him 15*26=$390

Also given is, the total interest will be = $67.64

The item will cost if Mitchell uses a credit card and only makes the minimum payment each month = 318+67.64 = $385.64

grigory [225]3 years ago
5 0

Answer:

385.64

Step-by-step explanation:

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a.

Since we like to have a one in each roll this means that in this case the probability of succes will be 1/6 (1 possibility out of 6). Also we have 8 rolls then n=8, and we like that the one is the result in each of them, then k=8. Plugging this values in the distribution we have:

\begin{gathered} P(X=8)=\frac{8!}{8!(8-8)!}(\frac{1}{6})^8(1-\frac{1}{6})^{8-8} \\ =\frac{1}{1679616} \\ =0.595\times10^{-6} \end{gathered}

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b.

Since we like a 6 exactly twice this means that k=2. The probability of succes is 1/6. Plugging the values in the distribution we have:

\begin{gathered} P(X=2)=\frac{8!}{2!(8-2)!}(\frac{1}{6})^2(1-\frac{1}{6})^{8-2} \\ =0.26 \end{gathered}

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That means that the probability is:

\begin{gathered} P=P(X=1)+P(X=2)+P(X=3)+P(X=4) \\ +P(X=5)+P(X=6)+P(X=7)+P(X=8) \end{gathered}

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Therefore the probability of obtaining at least once a six is 0.767.

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