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1 answer:
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Answer:
The value of first coin will be $151.51 more than second coin in 15 years.
Step-by-step explanation:
You have just purchased two coins at a price of $670 each.
You believe that first coin's value will increase at a rate of 7.1% and second coin's value 6.5% per year.
We have to calculate the first coin's value after 15 years by using the formula
Where A = Future value
P = Present value
r = rate of interest
n = time in years
Now we put the values
A = (670)(2.797964)
A = 1874.635622 ≈ $1874.64
Now we will calculate the value of second coin.
A = 670 × 2.571841
A = $1723.13
The difference of the value after 15 years = 1874.64 - 1723.13 = $151.51
The value of first coin will be $151.51 more than second coin in 15 years.
Answer:
The chance of getting exactly 3 hits is = 0.20
Step-by-step explanation:
P.S - The exact question is -
As given,
F(x) = 0 , x < 1
0.30 , 1 ≤ x < 2
0.56 , 2 ≤ x < 3
0.76 , 3 ≤ x < 4
0.9 , 4 ≤ x < 5
1 , 5 ≤ x
Now,
f(x) = 0.30 , x = 1
0.56 - 0.30 = 0.26 , x = 2
0.76 - 0.56 = 0.20 , x=3
0.9 - 0.76 = 0.14 , x = 4
1 - 0.9 = 0.1 , x = 5
0, otherwise
Now,
The chance of getting exactly 3 hits is = f(x = 3) = 0.20
