The answer is D.
You multiply 1,250,000 by 1.50= 1,875,000
Then add 1,875,000 to 1,250,000= 3,125,000
Divide by 1,000,000 and you get 3.125
(a.) is the answr. ............................................
(a) P( fifth one is bad) = P( first 4 are OK) * P(5th is bad)
= (0.98)^4 * 0.02 = 0.0184 or 1.84%
(b) this will be (0.98)^10 = 81.70%
When you buy a car you have all the money upfront ready either in cash, check, etc. Leasing is when you have a little bit or most of the money. Because you dont have all of it you pay for the car monthly and pay a little bit more than the actual value of the car as interest for "borrowing" their money since you couldn't afford the entire value of the car upfront. The more money you put down at the time of leasing, the less the interest usually is.
Answer:
d
Step-by-step explanation:
