Answer:
$842
Step-by-step explanation:
The Total amount after a compound interest can be calculated using the formula:
where P is the <em>amount of deposit</em>, R is the <em>rate of interest</em>, n is the <em>duration</em>.
Hence by substituting the values, we get:
<u>T = $842 (3 sf)</u>
This is found using the binomial distribution with P(H) = 1/2 and P(T) = 1/2 n = 15 and r = 10
= nCr(0.5)^(15-10)(0.5)^10
= 15C10 * 0.5^15 = 0.0916 or 9.16%
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❖ The value of the 3 in 9.237 is 3 hundredths.
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Greatest to least:
0.836, 0.683, 0.386, 0.3