Answer:
The future value of loan amount after 4 months is $ 34,695.136
Step-by-step explanation:
Given as :
The loan principal = $ 34300
The rate of interest applied = 3.5 %
The time period = 4 months = year
Let The amount after 4 months = $ A
<u>From compounded method</u>
Amount = Principal ×
or, Amount = 34300 ×
or, Amount = 34300 ×
or, Amount = 34300 × 1.01152
∴ Amount = $ 34,695.136
Hence The future value of loan amount after 4 months is $ 34,695.136 Answer
Answer:
Step-by-step explanation:
Given
ID Card of 5 digits
Possibly Digits = {0,1...,9}
Required
Probability that a card has exact number 94213
First, we have o determine the total possible number of ID card numbers
Let the card number be represented by ABCDE
Given that repetition of digits is not allowed;
<em>A can be any of 10 digits</em>
<em>B can any of the remaining 9 digits</em>
<em>C can be any of the remaining 8 digits</em>
<em>D can be any of the remaining 7 digits</em>
<em>E can be any of the remaining 6 digits</em>
<em />
Total number of cards = 10 * 9 *8 * 7 * 6
Total = 30240
Provided that the card number is generated at random; each card number has the same probability of
Hence, the probability of having 94213 is