Answer: The first outcome shall be 0.33 or 33%.
The second outcome would be 0.5 or 50%
Step-by-step explanation: The bag contains exactly one yellow, one red and one green marble. So when he draws the first marble the sample space shall be the total possible outcomes, which is three, since he has three (3) marbles altogether. When he draws the first time without looking, all three marbles have an equal probability of being picked which can be derived thus;
P(Red) = Number of required possibilities/Number of all possibilities
P(Red) = 1/3
P(Red) = 0.33
Note that there is only one marble of each color which means P(Yellow) and P(Green) is also 0.33 respectively.
After choosing the first marble, without replacing the first one he now chooses another marble. The sample size would have reduced to 2 (since one marble has been drawn). Hence, the outcome when he draw a second marble can be calculated as follows;
P(Red) = Number of required outcomes/Number of possible outcomes
P(Red) = 1/2
P(Red) = 0.5
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
Step-by-step explanation:
The given is,
Compounds money quarterly
Double your money in 10 years
Step:1
Formula to calculate future investment with compounded quarterly,
...............................(1)
Where, A - Future amount
P - Initial investment\
r - Rate of interest
n - No. of compounding in a year
t - No. of years
Step:2
Let, P = X
A = 2X ( Double your money )
From given, n - 4 ( for compounding quarterly )
t - 10 years
From equation (1)



Take root
root on both side,
![\sqrt[40]{2} = (1+\frac{r}{4} )](https://tex.z-dn.net/?f=%5Csqrt%5B40%5D%7B2%7D%20%3D%20%281%2B%5Cfrac%7Br%7D%7B4%7D%20%29)





r = 6.992 %
Result:
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
Answer:
Option d. the initial amount of money placed in the savings account
Step-by-step explanation:
we have

This is a exponential function of the form

where
a is the initial value
r is the growth rate
(1+r) is the base
x is the number of years
f(x) is the amount of money in a savings account
In this problem we have
a=$3,005
r=0.03=3%
(1+r)=1.03
therefore
3,005 represent the initial value ( the amount of money for the value of x equal to zero)
A. 6082
B.120687
C.1188228
D.19042587
Answer:
the answer to the question is 3.2