Answer:
$2,851.80
Step-by-step explanation:
Lets use the compound interest formula to solve:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
First, change 1.1% into a decimal:
1.1% -> -> 0.011
Next, plug the values into the equation:
She will have $2,851.80 after 5 years.
Answer:
Step-by-step explanation:
Binomial probability formula :-
, where P(x) is the probability of getting success in x trials, n is the total number of trials and p is the probability of getting success in each trial.
We assume that the total number of days in a particular year are 365.
Then , the probability for each employee to have birthday on a certain day :
Given : The number of employee in the company = n
Then, the probability there is at least one day in a year when nobody has a birthday is given by :-
Hence, the probability there is at least one day in a year when nobody has a birthday =