PLEASE HELP I WILL GIVE BRAINLIEST
1 answer:
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Answer:
\frac{1}{230230}
Step-by-step explanation:
Given that in a certain lottery, an urn contains balls numbered 1 to 26
From this urn, 6 balls are chosen randomly, without replacement.
Bet amount 1 dollar and he selects a set of six numbers.
If these match with those chosen from the urn he wins (order does not matter)
Total ways of choosing 6 out of 26 =
The way he selects = 1
Hence probability of winning =
with one ticket
Answer:
It will take about 35.439 years to triple.
Step-by-step explanation:
Recall the formula for continuously compounded interest:
where "A" is the total (accrued or future) accumulated value, "r" is the rate (in our case 0.031 which is the decimal form of 3.1%), "P" is the principal, and "t" is the time in years (our unknown).
Notice also that even that the final amount we want to get is three times $48,000. So our formula becomes:
Now,in order to solve for "t" (which is in the exponent, we use logarithms: