A producer of electronic book readers is performing a quality check to ensure the reader's backlight is working correctly. The p
1 answer:
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Answer:
$1,304.70
Step-by-step explanation:
If interest 6% annually, monthly is 0.5%.
The debt in 5 months will be 800 plus compounded interest for 5 months plus new due debt
In 3 more months the debt will be 2220.201 plus compounded interest for 3 months minus payment
After 8 months the debt would be 1253.67 plus compounded interest for 8 months
Then the size of the final payment would be $1,304.70
The probability that that a randomly selected student will buy a raffle ticket and win a prize = 0.03
Step-by-step explanation:
Step 1 :
Given,
The percentage of students buying the raffle ticket = 30%
The percentage that the student who bought the ticket wins the prize = 10%
We need to determined the probability that randomly selected student will buy a raffle ticket and win a prize.
Step 2 :
The probability that a student buys the raffle ticket =
The probability that a student wins a prize = =
The probability that a student who buys the ticket wins a price can be computed by taking the product of the above 2 probabilities.
= ×
=
= 0.03
Step 3 :
Answer :
The probability that that a randomly selected student will buy a raffle ticket and win a prize = 0.03