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makkiz [27]
2 years ago
8

How much interest is earned on a principal of $2.58 invested at an interest rate of 5% for four years?

Mathematics
2 answers:
pochemuha2 years ago
7 0

Answer:

Step-by-step explanation:

The formula for simple interest is

prt = I, where p is the initial investment, r is the interest rate in decimal form, t is the time it's invested for, and I is the interest earned. We multiply the p, the r, and the t together to get I. For us that looks like this:

(2.58)(.05)(4) = I and

I = .516 or 52 cents.

Evgesh-ka [11]2 years ago
4 0

Answer:

$0.516≈ 0.52

Step-by-step explanation:

For simple interest:

=PRT/100

=2.58 * 5 * 4/100

= 51.6/100

= $0.516 = $0.52 ( when rounded off)

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Suppose you and a friend each choose at random an integer between 1 and 8, inclusive. For example, some possibilities are (3,7),
Bezzdna [24]

Answer and explanation:

Given : Suppose you and a friend each choose at random an integer between 1 and 8, inclusive.

The sample space is

(1,1) (1,2) (1,3) (1,4) (1,5) (1,6)  (1,7) (1,8)

(2,1) (2,2) (2,3) (2,4) (2,5) (2,6)   (2,7) (2,8)

(3,1) (3,2) (3,3) (3,4) (3,5) (3,6)   (3,7) (3,8)

(4,1) (4,2) (4,3) (4,4) (4,5) (4,6)   (4,7) (4,8)

(5,1) (5,2) (5,3) (5,4) (5,5) (5,6)   (5,7) (5,8)

(6,1) (6,2) (6,3) (6,4) (6,5) (6,6)   (6,7) (6,8)

(7,1) (7,2) (7,3) (7,4) (7,5) (7,6)   (7,7) (7,8)

(8,1) (8,2) (8,3) (8,4) (8,5) (8,6)   (8,7) (8,8)

Total number of outcome = 64

To find : The following probabilities ?

Solution :

The probability is given by,

\text{Probability}=\frac{\text{Favorable outcome }}{\text{Total outcome}}

a) p(you pick 5 and your friend picks 8)

The favorable outcome is (5,8)= 1

\text{Probability}=\frac{1}{64}

b) p(sum of the two numbers picked is < 4)

The favorable outcome is (1,1), (1,2), (2,1)= 3

\text{Probability}=\frac{3}{64}

c) p(both numbers match)

The favorable outcome is (1,1), (2,2), (3,3), (4,4), (5,5), (6,6), (7,7), (8,8) = 8

\text{Probability}=\frac{8}{64}

\text{Probability}=\frac{1}{8}

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