2 years ago

Sue Shopper received a $749.25 discount loan to purchase a refrigerator. The loan was offered at 12% for 120 days

1 answer:

7 0

The interest paid for the loan will be:
I=(PRT)/100
P=$749.25
R=12%
T=120 days=120/30=4 months=1/3 years
Hence:
I=(749.25×1/3×12)/100
I=$29.97

The proceeds will be:
Net proceeds=(gross proceeds)-(expenses)
=749.25-29.97
=$719.28

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elizabeth has 8 socks in her drawer: 4 black socks, 2 white socks and 1 brown sock and 1 red sock. she chooses a sock at random

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The probability that she picks two white socks is 0.0357

<h3>How to determine the probability?</h3>

The given parameters are:

Socks = 8

Black = 4

White = 2

Brown = 1

Red = 1

The probability of picking a white sock at first is:

P(White) = 2/8

Now, there are 7 socks left

The probability of picking a white sock next is

P(White) = 1/7

The required probability is:

P = 2/8 * 1/7

Evaluate

P = 0.0357

Hence, the probability that she picks two white socks is 0.0357