Answer:
Your answer exactly is 0.005624543
Step-by-step explanation:
For independent events,
P(X ∩ Y) = P(X)* P(Y)
=>
1/3 = P(X)*(5/6)
solve for P(X) =>
P(X) = (1/3)*(6/5) = 2/5 = 0.4
To solve you would use the equation y=mx=b .
y is how far line goes up, x is how for along , m is the slope and b is where the line crosses the yaxis.
slope: -1
x-intercept ; -4
y-intercept : -4
Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;

Therefore, it will take 88.2 months to accumulate the amount.