Simplify -7(-4p+1) + 2p
1 answer:
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Amount owed at the end of 1 year is 3640
<h3><u>Solution:</u></h3>Given that yoko borrows $3500.
Rate of interest charged is 4% compounded each year
Need to determine amount owed at the end of 1 year.
In our case :
Borrowed Amount that is principal P = $3500
Rate of interest r = 4%
Duration = 1 year and as it is compounded yearly, number of times interest calculated in 1 year n = 1
<em><u>Formula for Amount of compounded yearly is as follows:</u></em>
Where "p" is the principal
"r" is the rate of interest
"n" is the number of years
Substituting the values in above formula we get
Hence amount owed at the end of 1 year is 3640
Answer:
And we can use the following formula:
And replacing the info we got:
Step-by-step explanation:
We define two events for this case A and B. And we know the probability for each individual event given by the problem:
And we want to find the probability that A and B both occurs if A and B are independent events, who menas the following conditions:
And for this special case we want to find this probability:
And we can use the following formula:
And replacing the info we got: