Will mark brainliest if help
2 answers:
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Answer:
$960
Step-by-step explanation:
You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.
<em>I = interest amount </em>
<em>P = principal amount </em>
<em>r = interest rate (decimal form) </em>
<em>t = time </em>
The first step is to change 3% into a decimal:
3% -> -> 0.03
Now, lets plug in the values into the equation:
Jameson will be charged $960 of interest after 4 years.
Answer:
-$1.33 or lose $1.33
Step-by-step explanation:
In this game, there are two possible outcomes.
- There is a 2 in 6 chance (rolling a 5 or a 6) that you win $8.
- There is a 4 in 6 chance (rolling a 1, 2, 3 or a 4) that you win nothing.
Note that for any outcome, you start off paying $4 to play.
The expected value of this game is:
You are expected to lose $1.33 per play.