Answer:
The answer is approx 75 months.
Step-by-step explanation:
We have P = 3000
r = 14%
Monthly payment = $60
We will use the formula :
Solving this we get n = approx 75 months. After 75 months few dollars will be left. And in the 76th month the balance will become negative.
For easy and better understanding, I have attached an excel sheet.
The answer is approx 75 months.
Answer:
0.4 = 40% probability that the second household selected will have a traditional landline telephone
Step-by-step explanation:
A probability is given by the number of desired outcomes divided by the number of total outcomes.
We have that:
125,000 households
50,000 have traditional landlines telephones.
The first household selected does not have a traditional landline telephone.
Now we have 125000 - 1 = 124,999 households, and 50,000 have traditional landlines telephones.
What is the probability that the second household selected will have a traditional landline telephone
0.4 = 40% probability that the second household selected will have a traditional landline telephone