Actually Welcome to the Concept of the Probability.
Basically we have to know that, when there is a specific event for which a probability has to be done, there are always two possibilities that is,
Event favourable and Not Favourable.
the Sum of both always end up as 1.
thus sum of the probability distribution is 1.
C) $694.25
Why?
Because you want to times the interest by 2 (1 is for one year but u want to find the amount after two years) then you multiply the amount given to each bank separately so:
400*0.07 (7% which is 7/100) = 28
250*0.065 (6.5% which is 65/1000) = 16.25
Then u add the interests together:
28+16.25 = 44.25
Finally you add that to the amount you started with:
$650+$44.25= $694.25
Since theirs no question...
The formula for PT:
a^+b^=c^
Answer:
295
Step-by-step explanation:
250 x ( 1 + APR)
250 x (1 +.18)
250 x ( 1.18)
295
