Robert gets a loan from his bank. He agrees to borrow £6,000 at a fixed annual simple interest rate of 7%. He also agrees to pay
the loan back over a 10-year period. How much money in total will he have paid back at the end of the 10 years?
1 answer:
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Answer:
<h2>We have 47% of chances to win those six bucks.</h2>Step-by-step explanation:
In this problem we need to find the probabilty of winning thos $6.
According to the problem, we win $6 if we hit one red. We know that there are 18 red compartments, 18 black compartments and 2 neither red nor blakc, for a total of 38 compartments.
We need to use the standard probabilty definition which is the ratio between the number of events and the total number of outcomes. So,
Which is equivalent to 47% of chances.
Therefore, we have 47% of chances to win those six bucks. (The Casino has the odds in their favor)