Can someone help me with those exercises please?
1 answer:
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Answer:
The interest charged is $7.49.
After 29 days, Travis paid a total of $607.49
Step-by-step explanation:
Travis obtained a cash advance for $600.
The interest rate is 0.04305% per day.
The simple interest rate formula is given by:
Where <em>I</em> is the interest, <em>P</em> is the initial amount, <em>r</em> is the rate, and <em>t</em> is the time (in this case in days).
Our initial amount <em>P</em> is $600.
Our interest rate <em>r</em> is 0.04305% or (moving the decimal two places to the left) 0.0004305.
Since Travis repaid the loan after 29 days, our <em>t</em> is 29.
Hence, our interest is:
So, the interest charged is about $7.49.
So, after 29 days, Travis paid a total of the original $600 plus an interest of $7.49 for a total of $607.49
<u>Given</u>:
If you are dealt 4 cards from a shuffled deck of 52 cards.
We need to determine the probability of getting two queens and two kings.
<u>Probability of getting two queens and two kings:</u>
The number of ways of getting two queens is
The number of ways of getting two kings is
Total number of cases is
The probability of getting two queens and two kings is given by
Substituting the values, we get;
Simplifying, we get;
Thus, the probability of getting two queens and two kings is 0.000133