I = Adt; where p = $290 is the Amount of the loan, d = 16% = 0.16 is the discount rate and t = 90days = 90/365 = 18/73 is the period.
I = 290 x 0.16 x 18/73 = 11.44
Interest = $11.44
Proceed = Amount - Interest = 290 - 11.44 = $278.56
Answer:
Initial value is 4,000
Growth is -480
Step-by-step explanation:
Initial value is the value that you started with: hence 4000.
Growth would be how much it grows, it grows downward because it is 12% down. Next you need to find what 13% of 4000 is 100%-13%=88% .88*4000=480 or 13% of 4000.
Hope this helps
Answer:
d=8
Step-by-step explanation:
Answer:
For this case we can use the probability mass function and we got:

Step-by-step explanation:
Previous concepts
A Bernoulli trial is "a random experiment with exactly two possible outcomes, "success" and "failure", in which the probability of success is the same every time the experiment is conducted". And this experiment is a particular case of the binomial experiment.
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
Solution to the problem
Let X the random variable of interest, on this case we now that:
For this case we can use the probability mass function and we got:
