Is one side of a rectangular fish tank best represented by a point, line, plane, or ray?
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Let be a random variable denoting the amount of winnings in any given round of the game. There is some probability
of winning where
, while
, assuming these are the only two possible outcomes. So we have
The amount on interest he earned is $5116.8
Step-by-step explanation:
Given,
Principal(P) = $16400
Rate of interest(R) = 3.9%
Time(T) = 8 years
To find the interest
Formula
Simple interest =
Hence,
The interest =$
= $5116.80