Answer:
$95.5090 must be deposited monthly
Step-by-step explanation:
From the information given:
The annual interest rate (r) = 4.2% = 0.042
Let assume that an amount Y is deposited, then after one month, it will increase to:
The total amount after 4 years will be:
Using the sum of a geometric progression:
The above amount is then equal to $5000
i.e
Solution:
we are given that
A number picked at random from the numbers 1 through 15 is prime.
As we know the number between 1 and 15 which are primes are listed below
2,3,5,7,11,13.
Here total number of favourable outcomes are 6.
The numbers 1 through 15 are as below:
1,2,3,4,5,6,7,8,9,10,11,12,13,14,15.
Here total number of possible outcoes are 15.
Hence the probability that if a number picked at random from the numbers 1 through 15 is prime
Hence the probability that if a number picked at random from the numbers 1 through 15 is prime is 0.4