Answer:
Step-by-step explanation:
Answer:
Answer choice B
Step-by-step explanation:
There are two possibilities; in the first, the first digit is below 5, in the second, it is above. The probability of the first possibility is 3/8, because there are 3 possible digits below 5 and 8 total digits. In this scenario, the chance of the second digit being below 5 is 2/7, because one of the digits is taken. In the other possibility, which has a chance of 5/8, the probability of choosing a number below 5 is 3/7, since all of them are still available. Doing the arithmetic, you find that the total probability is 2/7. Hope this helps!
It starts at 100% - 15% = 85% after the first year. $15,000*0.85 = $12,750
The second year is further reduced 100% - 16% = 84%
$12,750*0.84 = $10,710
