Answer:
whats the question
Step-by-step explanation:
There are different formulas for calculating the two types of compound events: Say A and B are two events, then for mutually exclusive events: P(A or B) = P (A) + P(B). For mutually inclusive events, P (A or B) = P(A) + P(B) - P(A and B).
The amount in the account after the given time if compounded semiannually is $1104.2
<h3>Compound interest </h3>
Interest is any amount added on a sum of money over a period of time. The formula for calculating the compound interest is:
A = P(1+r/n)^nt
Given
P = $1000
rate r = 0.05
time =3years
n = 2
Substitute
A = 1000(1 + 0.05/3)^3(2)
A= 1000(1.1042)
A = $1104.2
Hence the amount in the account after the given time if compounded semianually is $1104.2
Learn more on compound interest here: brainly.com/question/24924853
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Una máquina demora 2 minutos y 30 segundos en fabricar una silla. Si en un día la máquina funciona sin parar 8 horas ¿Cuántas sillas fabricará?
5 x 12
24 x 8
192