b. Suppose you have $10, and are going to play until you go broke or have $30. What is your best strategy for playing? Explain using information you learned in this module's material, such as expected value
Answer:
so your answer would be 60$
Step-by-step explanation:
I = P * r * t
Here, P = $600
r = 0.05 (decimal value for 5%)
t = 2 years
Part a)
The interest earned will be:
I = P * r * t
I = 600 * 0.05 * 2
I = $60
Part b)
The balance in the account will be $600 plus the interest earned or:
$600 + 60 = $660
What I did is to add 0.52
+0.15
then try to find what could equal the same amount with 0.52
Answer:
The answer is 3
Step-by-step explanation:
