A tree diagram can be drawn for a clearer understanding. The branches of the tails can be ignored since we are not concerned about that. To find the probability along the branches, we just have to multiply the probabilities of each branch, giving you an answer of 1/128
11.
for a total of 4.95
you would have 5 pence remaining.
The value of the year at the end of 2025 will be given by:
A=P(1+r/100)^n
where:
A=future value
P=principle
r=rate
n=number of terms
hence for the data given;
p=35000
R=5.5
n=(2025-2017)*2=16
Thus
A=35000(1+5.5/100)^16
A=$82, 434. 20
The distance of it away from zero cannot be a negative distance, distance is always positive therefor the absolute value will always be positive.
Short answer: no, absolute value is always positive
I hope this helps :)
