Mia hired a moving company. The company charged \$500$500dollar sign, 500 for its services, and mia gives the movers a 16\%16%16
2 answers:
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The amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
<h3>How to calculate compound interest's amount?</h3>If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:
The final amount becomes:
For the considered case, we're given that:
- Initial amount Laura deposited = $5,500 = P
- Type of interest: Compound interest
- Unit of time: Annually
- Rate of interest = 1.6% annually = R
- Total unit of time for which amount is to be calculated: 4 years = T
The final amount at the end of 4 years in the considered account of Laura is evaluated as:
Thus, he amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
Learn more about compound interest here:
Answer:
B) 0.283
Step-by-step explanation:
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
25% of the students drive themselves to school.
This means that
Class of 18 students
This means that
What would be the probability that at least 6 students drive themselves to school?
This is
In which
So
Closest option is B, just a small rounding difference.