Well if there are 3 outcomes just add the two other outcomes and subtract from 1
so 0.4+0.25=0.35
so the third outcomes has a 0.35 chance of happening or 35%
what is this
Step-by-step explanation:
Option #1 – charges 5% simple interest per year; this is a short-term loan for only 5-years.
Option #2 – charges 7% simple interest per year; this is a short-term loan for only 3-years.
Option #3 – charges 3.2% simple interest per year; there is no time limit on this loan (as a group determine how long you think it will take you to make enough money to be able to pay back the loan with interest)
Option #4 - charges 10% simple interest per year; only lasts 10 months
Option what is this
5 - 6 = -1
2 + 7 = 9
-1 × 9 = -9
-9 would be the simplified answer.
Hope this helps!
Answer:
The principal amont was $35,000
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:
In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
In this problem, we have that:
We want to find P. So
The principal amont was $35,000
