Answer:
the answer is 3.78
Step-by-step explanation:
Answer:
$19,100
Step-by-step explanation:
The expected profit would be the probability of profit multiplied by the profit and the sum of probability of loss multiiplied by the loss.
So, we can say:
E(p) = P(p)*P + P(L)*L
Where
E(p) is expected profit
P(p) is probabilty of profit (0.7)
P is the profit (35,000)
P(L) is probability of loss (0.3)
L is the loss (-18,000)
Substituting these values, we get:
E(p) = P(p)*P + P(L)*L
E(p) = (0.7)(35,000) + (0.3)(-18,000)
E(p) = 19,100
The expected profit is $19,100
Answer:
$ 333
Step-by-step explanation:
a) 33 + m*1 = 33 + m
b) m = 300 miles
33 + m = 33 + 300
= $ 333
Answer: 4 years after the original investment, it is approximately $1,093.
Step-by-step explanation:
Hi, to answer this question we have to apply the simple interest formula:
I = p x r x t
Where:
I = interest
P = Principal Amount
r = Interest Rate (decimal form)
t= years
Replacing with the values given
I = 1000x (2.25/100) x t
- It will triple in approximately 3 years. FALSE
I = 1000x (2.25/100) x 3 =67.5
1000+67.5 = 1067.5
- It will no longer grow after several years: False, it will grow because it has a growth rate.
- 4 years after the original investment, it is approximately $1,093. TRUE
I = 1000x (2.25/100) x 4 =90
1000+90 = $1090
- It will double in approximately 10 years.
I = 1000x (2.25/100) x 10 =225
1000+90 = $1225
Feel free to ask for more if needed or if you did not understand something.
