Help!!!! I don't get this!!!!!!
2 answers:
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The formula we use for continuous compounding is 
where P is the initial amount invested, r is the rate as a decimal, and t is time in years. Our P = 1300, our r = .042, and our t = 5.75 (9 months is 3/4 of a year, and 3/4 in a decimal is .75). Putting all that into our formula we have 
. We have to multiply those 2 powers together and then raise euler's number to it, then multiply by 1300. Doing all of that, we get the amount at the end to be $1,655.10
Answer:
Probability of having the double sided coin is 1 %
Probability of getting heads on the next flip is 50%
Step-by-step explanation:
Based on the information given to us in the question we have a total of 100 coins in the bag and only 1 is double heads. Therefore the probability of you picking the double sided coin is or 1 % . This probability is not affected by the fact that the coin you chose got heads 7 times in 7 flips.
Since a coin has 2 sides and you do not know whether the coin you have is the double sided coin then you have to assume that it is a normal 2 sided coin. Therefore a normal 2 sided coin has a probability of or 50% with every flip of getting heads.
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