Answer:B
Step-by-step explanation:
Answer:
£11,904
Step-by-step explanation:
Simple interest = PRT/100 where P = initial investment, R = rate and T = time.
So interest on £9600 = 9600*8*3/ 100
= £2304
So the value after 3 years = 9600 + 2304
= £11,904 (answer)
Answer:
D.) The expected value is 1.78
Step-by-step explanation:
The expected value of a probability distribution is evaluated using the formula.
Expected Value, 
Therefore, from the given probability distribution, we have:
E(X)=(0*0.3)+(1*0.2)+(2*0.16)+(3*0.2)+(4*0.04)+(5*0.1)
E(X)=1.78
The Expected value of X is 1.78.
The correct option is D.