Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Answer:
a. 1/10 or 10%
b. 1/2 or 50%
Step-by-step explanation:
Since the combination of machines 1, 2 and 3 produce 100% of the total output when added together, then the probability of choosing a bolt at random that is defective is: 5 + 2 + 3 = 10% out of 100% or 10/100, which is 1/10 or 10%.
If the bolt that is choosen at random is defective, than the probability that it came from machine 1 is 5/10 or 1/2 which is also 50%.
9 jeans. 2 shirts per jean. And 18 divided by 2= 9
7 = b/11
11 × 7 = 77
Answer:
b = 7
