Answer: A) $120,953
Step-by-step explanation:
The formula to calculate the compound amount (semi-annually):-
, where P is principal amount , r is rate of interest and n is the number of time periods.
Given : Principal amount : P= $90,000
Rate of interest : 6% per annum = 0.06 per annum
Time period : n= 5 years
Hence, the ABC will have $ 120,953 in the account after five years if interest is reinvested.
Answer:
The expected number of the people at the reception whose favorite snack will be chips is 1152
Step-by-step explanation:
Given
The data in the above table and
Reception = 3600
Required
Predict the number of the people at the reception whose favorite snack will be chips.
The first step is to determine the total number of samples;
The next step is to determine the fraction of people whose favorite is chips
The product of the above fraction and the expected number of people in the reception is the solution to this question;
<em>Hence, the expected number of the people at the reception whose favorite snack will be chips is 1152</em>