Answer:
Connor would have $83.37 more than Henry.
Step-by-step explanation:
Connor:
Initial investment= $8,000
Interest rate= 8.2% = 0.082/12= 0.00683
Number of periods= 12*5= 60 months
Henry:
Initial investment= $8,000
Interest rate= 8% = 0.08/365= 0.00022
Number of periods= 365*5= 1,825 days
<u>To calculate the future value, we need to use the following formula on each investment:</u>
FV= PV*(1+i)^n
Connor:
FV= 8,000*(1.00683^60)
FV= $12,035.35
Henry:
FV= 8,000*(1.00022^1,825)
FV= $11,951.98
Difference= 12,035.35 - 11,951.98= $83.37
Connor would have $83.37 more than Henry.
Correct answer would be D. hope this helps :)
Answer:
0.0091 = 0.91% probability that the ant ends up at point (2,5)
Step-by-step explanation:
What is needed to move from the point (0,0) to the point (2,5) after 10 moves:
5 moves of up by 1 unit.
2 moves of right by 1 unit.
10 - (5 + 2) = 3 standing still.
Probability:
2 moves of right by 1 unit, each with 0.3 probability.
5 moves of up by 1 unit, each with 0.2 probability.
3 standing still, each with 0.5 probability.
Number of ways this can happen:
Arrangments of 10 moves, with 2, 5 and 3 repetitions. So

Probability:

0.0091 = 0.91% probability that the ant ends up at point (2,5)
300 milliliters in each container because 2.1 liters is 2100 milliliters and 2100/7 is 300