Answer:
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Step-by-step explanation:
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Answer:
Step-by-step explanation:
Any one color would be 1/4 of the total. So the number of times you should get red is 1/4 of 160 = 40
Notice that this very odd problem does not depend on what the total is. It only depends on the number of times you make the draw. Unusual question.
Total = Principal * (1 + (rate/n))^n*years
where n is the number of compounding periods per year
Total = 12,500 * (1 + (.0275/4) )^40
Total = 12,500 * <span>(1.006875) ^40
</span>Total =
<span>
<span>
<span>
12,500 * 1.3152923995
</span>
</span>
</span>
Total =
16,441.16
Source:
http://www.1728.org/compint.htm
