Answer:
expected profit is - $0.50
Step-by-step explanation:
1 $(7.00) 0.166666667 $(1.17)
2 $(7.00) 0.166666667 $(1.17)
3 $1.00 0.166666667 $0.17
4 $1.00 0.166666667 $0.17
5 $1.00 0.166666667 $0.17
6 $8.00 0.166666667 $1.33
$(0.50)
To multiply two fractions, we multiply the top number (numerators) together and the bottom numbers together (denominators) and then simplify.
8 x 5 = 40
15 x 6 = 90
40/90 can be simplified (÷10) to 4/9
Answer:
200.4 at 0.25%
Step-by-step explanation:
Given data
P= P200
r= 0.25%
t= 1 year
n= 12
A= P(1+ r/n)^nt
substitute
A= 200(1+ 0.0025/12)^12*1
A= 200(1+ 0.00020833333)^12
A= 200(1.0002)^12
A= 200* 1.002
A= 200.4
Hence the amount is 200.4 at 0.25%
