A person rolled a dice 6000 times and the number '5' occurs 990 times. On the basis of this outcome, she claims that the probabi
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Answer:
FYAB gives a better deal.
Step-by-step explanation:
Compound interest:
Continuously compounded interest:
For the quarterly compounded interest, r = 0.25%, and n = 4.
For the continuously compounded interest, r =0.23%
The quarterly compounded doubles in 277 years.
The continuously compounded doubles in 301 years.
Answer: FYAB gives a better deal.