Answer:
A.
Step-by-step explanation:
He already had 100 into the account so we add that, 25x is derived from the fact that x=the amount of months and 25 is the amount per a month he saves.
The number of years it would take sales to reach $1,750,000 is 14.65 years.
<h3>What is the number of years?</h3>
The formula that can be used to determine the number of years it would take for the sales to reach $1,750,000 is:
Number of years : In (FV / PV) / r
Where:
- FV = future level of sales - $1,750,000
- PV = present level of sales = 850,000
- r = rate of growth - 4.931998%
Number of years : In ($1,750,000 / 850,000) / 0.04931998
Number of years : In (2.06) / 0.04931998
Number of years : 14.65 years
To learn more about how to determine the number of years, please check: brainly.com/question/21841217
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Answer:
About 41.5%
Step-by-step explanation:
<em>Given:</em>
<em>A bowl has 8 green grapes and 15 red grapes. Henry randomly chooses a grape, eats it, and then chooses another grape.</em>
<em>To Find:</em>
<em>What is the probability that both grapes are red?</em>
<em>Answer choices:</em>
<em>about 39.7%</em>
<em>about 41.5%</em>
<em>about 42.5%</em>
<em>about 44.5%</em>
<em>Solution:</em>
<em>Since, there are 8 green grapes and 15 red grapes, the total number of grapes is 23 .</em>
<em>As the red grapes are 15..</em>
<em>Thus,</em>
<em>The probability of choosing a red grape the first time is 15/23.</em>
<em>Because out of the total 23 grapes only 15 were red grape.</em>
<em>The probability of choosing the red grape the second time will be 14/22. Because the number of red grapes has already decreased by one and so is the total number of grapes after first choice</em>
<em>Hence, the probability of choosing or eating two red grapes will be :</em>
<em>15/23×14/22</em>
<em>=105/253</em>
<em>=0.415</em>
<em>= 41.5%</em>
<em>Therefore, the probability that both grapes are red is about 41.5%</em>
Answer:
Step-by-step explanation:
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Answer:
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Step-by-step explanation:
