According to his calculations, b has a 3/10 chance to win
It's
which gives 5.23 times increase in 10 years, so 523% of oryginal price
The answer if I am correct should be C. 6, since if you divide forty-eight by two you get twenty-four. Twenty-four divided by four equals six, and twenty-four divided by three equals eight, eight is the number that would be the remaining amount of days. Hope this helps you and have an amazing day!
The simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.
<h3>What is simple interest?</h3>
Simple interest refers to the interest calculated only on the principal.
With the simple interest method, the borrower only pays interest on the principal without considering the previously-accumulated interests.
<h3>Data and Calculations:</h3>
Principal = $4,700
Interest rate = 4%
Period = 10 months
Simple interest = $156.67 ($4,700 x 4% x 10/12)
Thus, the simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.
Learn more about simple interests at brainly.com/question/