Given:
Amount = 8700
Time = 3 years
Rate of interest = 24% per annum
To find:
The principal values.
Solution:
Formula for amount:
Where, A is amount, P is principal, r is the rate of interest and t is the number of years.
Putting , we get
Divide both sides by 1.906624.
Therefore, the principal value is about 4563.04.
Answer:
0.54,0.46,0.43
Step-by-step explanation:
Given that India is the second most populous country in the world, with a population of over 1 billion people.
The pdf of household size say X in India varies from 1 to 8.
The distribution is shown as follows
X 1 2 3 4 5 6 7 8 Total
P 0.02 0.09 0.18 0.25 0.20 0.12 0.08 0.06 1.00
a) the probability that there are less than 5 members in a household in India
=
=
b. the probability that there are 5 or more members in a typical household
in India
=
c) the probability that the number of members in a typical household in India is strictly between 2 and 5