First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
If you are looking for the expression, that would be (x+4)/3
81.5%
i honestly looked at the numbers in the problem
The top right is a function, because no point cross twice over the y axis
Answer: Choice C
The probability of getting all heads is the same as the probability of getting all tails
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Explanation:
H = heads
T = tails
In the first row, we have HHH to signify three heads. This shows up 1 time out of 8 outcomes total (each row is a different outcome). The probability of getting HHH is 1/8.
In the last row, TTT means we got three tails. Like with HHH, it only shows up once out of eight times, so the probability of getting TTT is 1/8 as well.
Therefore, both HHH and TTT have the same probability. This is because both sides of the coin have equal chances to land on. If the coin was more biased toward heads for example, then HHH and TTT would have different probabilities.
