Answer:
1 hold
2 hold
3 does not hold
4 hold
5 hold
6 hold
7 does not hold
8 does not hold
9 Does not hold
10 Hold
Step-by-step explanation:
The detailed step by step verification is as shown in the attachment
Let me help you, but first I will explain the formula used to calculate monthly compound interest.
The formula used to calculate compound monthly compound interest is
a=p(1+r/n)^nt
P Represents the principal
R Represents the rate (in decimal)
N is basically 12 months
T Represents the time (in years)
Let's plug the numbers in.
First statement
"His bank has offered him a loan at 13% interest for 36 months"
12000(1+.13/12)^(12)(3)
12000(1+.13/12)^(12)(3) = $17,686.64
Second statement
"12% interest for 60 months"
Plug in the numbers into the formula.
12000(1+.12/12)^(12)(5)
12000(1+.12/12)^(12)(5) = 21,000.36
<u>Answer</u>
The answer would be "13% interest for 36 months" as it is much lower compared to the other statement.
Answer:
Four hundered eight thousand five hundered nintey
Step-by-step explanation:
(DON´T FORGET TO ADD ¨UNITS¨ OR WHATEVER YOU ARE COUNTING/MEASURING!!!!)
The random nature of the process is why Gina doesn't get the theoretical probability. If she were to repeat this experiment say 1000 or perhaps 10,000 times, then her experimental probability value should get closer to 1/2. It likely won't land *exactly* on 1/2 because again of the random nature of the outcomes.
For more information, check out the Law of Large Numbers.
