Find the finance charge for a $25,000, three year loan with a 9.25% apr. How much interest is paid
1 answer:
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<h2>Answer with explanation:</h2>
A box contains 12 balls numbered 1 through 12.
Also the ball are drawn without replacement.
a)
The probability that the first ball had a smaller number on it.
i.e. the number on the first ball could be: {1,2,3}
Hence, the probability that the first ball had a smaller number on it is:
b)
The probability that the first ball has a even number on it is:
There are total 6 even numbers {2,4,6,8,10,12}
but 4 can't be considered as it comes on the second draw, so we are left with just 5 balls with even number.
Hence, the probability is: