Answer:
Interest = $6,300 (Approx.)
Step-by-step explanation:
Given:
Amount deposit (P) = $26,000
Number of month = 36 month
Number of year (n) = 36 / 12 = 3 year
Rate of interest (r) = 7.5% = 0.075
Find:
Interest earned
Computation:
Interest = p[(1+r)ⁿ-1]
Interest = 26,000[(1+0.075)³-1]
Interest = 26,000[(1.075)³-1]
Interest = 6,299.71
Interest = $6,300 (Approx.)
F(x,n,p)=C(n,x)p^x*(1-p)^(n-x)
n=9, p=0.8 =>
f(x,9,0.8)=C(9,x)0.8^x*(0.2)^(9-x)
The function f(x,9,0.8) is then calculated using the above formula
x f(x)
0 0.0000001 0.0000182 0.0002953 0.0027534 0.0165155 0.0660606 0.1761617 0.3019908 0.3019909 0.134218
Check Sum f(x), [x=0,9] = 1.0 ok
The answer is 8 because if you divide 52 by 4 it gives 13, do the same to the top and you get 8
