Use the distributive property to write an equivalent expression for 13(4+13)
2 answers:
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Answer:
0.6517
Step-by-step explanation:
Given that in a certain game of chance, your chances of winning are 0.3.
We know that each game is independent of the other and hence probability of winning any game = 0.3 (constant)
Also there are only two outcomes
Let X be the number of games you win when you play 4 times
Then X is binomial with p = 0.3 and n =4
Required probability
= Probability that you win at most once
=
We have as per binomial theorem
P(X=r) =
Using the above the required prob
= 0.6517
Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal ×
or, A = 50,000 ×
or, A = 50,000 ×
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $ = $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer