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Masja [62]
3 years ago
11

2,400 principal earning 2%, compounded annually, after 7 years. Find the balance in the account

Mathematics
1 answer:
charle [14.2K]3 years ago
3 0
A = P (1 + r/n) ^nt
P = 2400
r = .02
n = 1
t = 7

Answer: $2756.86
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These are 'dependent events', which mean that your the event is affected by previous events.  So, because you have eleven total bottles (five lemon-lime and six orange) and you do not replace the first bottle, that would only leave you with ten bottles remaining.  The probability that you will pick the lemon-lime on the first choice is 5/11 because all of the bottles are there.  However, your second choice will only include ten total bottles since you already took one.  The probability that you would choose orange would be 6/10.  When you multiply these two fractions and reduce to simplest form, you get 3/11.  


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