The future value of $1,000 invested at 8% compounded semiannually for five years is 
<u>Solution:</u>
----------- equation 1
A = future value
P= principal amount
i = interest rate
n = number of times money is compounded
P = 1000
i = 8 %
(Compounding period for semi annually = 2)
Dividing “i” by compounding period
Solving for future value using equation 1
The probability that you lose all five times will be 0.59.
<h3>How to calculate the probability?</h3>
From the information given, the chances of winning are 0.1. Therefore, the chance of losing will be:
= 1 - 0.1 = 0.9
Therefore, the probability that you lose all five times will be:
= 0.9 × 0.9 × 0.9 × 0.9 × 0.9
= 0.59
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Answer:
−7/18
Step-by-step explanation:
Subtract 5/9 from both sides of the equation
Answer:
the most she can drive is 162 miles
Step-by-step explanation:
35 x 20 dollars= 700 dollars. Total cost of all tickets equals 700 dollars
