Plz help me, I needs it
2 answers:
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Answer:
15.15% probability that both months (different) have less than 31 days.
Step-by-step explanation:
A probability is the number of desired outcomes divided by the number of total outcomes.
Also, the order of the months is not important. For example, picking July and August is the same as picking August and July. So the combinations formula is used to solve this problem
Combinations formula:
is the number of different combinations of x objects from a set of n elements, given by the following formula.
There are 12 months, of which February, April, June, September and November, that is, 5 of them, have less than 31 months.
Desired outcomes:
Picking 2 months from a set of 5(those with less than 31 days). So
Total outcomes:
Picking 2 months from a set of 12(all the months). So
Probability:
15.15% probability that both months (different) have less than 31 days.
Answer:
She is actually paying a rate of 7.36% of interest.
Step-by-step explanation:
The real interest rate, as a decimal, is given by:
In which r is the interest rate and n is the number of compoundings during an year.
The nominal rate on Sandra's loan is 7.125%, compounded monthly:
This means that
So
As a percentage: 1.0736*100 = 107.36% - 100% = 7.36%
She is actually paying a rate of 7.36% of interest.