How much principal must be deposited in a 5 year simple interest account that pays 4,75% interest to earn $500 in interest
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Answer:
Step-by-step explanation:
Given : The number of cherry lollipop = 5
The total number of lollipop = 8
the number of lollipops other than grape =6
The probability of selecting a cherry lollipop is given by :_
The probability of selecting a lollipop other than grape is given by :_
Since, there is replacement , then the events are independent of each other.
Now, the probability that Julie will select a cherry lollipop and then a lollipop other than grape is given by :-
Hence, the required probability =