Exponential
The first year, he would earn 8% interest on the $400 deposited, so he'd have $432. The next year, he would earn 8% interest on the interest earned the previous year in addition to the amount deposited, so he'd have $466.56.
His bank balance would follow the compound interest equation which is exponential.
= 400 × 1.08^t
where t is the number of years since the deposit
Answer:
Step-by-step explanation:
Answer:
1350
Step-by-step explanation:
use binomial general term expression for (r+1)th term
get the power of x in terms of r.
equate the expression to -2 and solve for r.
replace value of r and calculate the coefficient.
P(allergic) = 0.15
P(both are allergic to pollen) = (0.15)² = 0.0225 (you can use the binomial probability also)
Q(NOT allergic to pollen) = 1 - 0.0225 = 0.9775
Binomial probability
Probability of NEITHER is allergic
ⁿCₓ(p)ˣ(q)ⁿ⁻ˣ
²C₀(0.15)⁰(0.9775)² = 0.9555
P(at LEAST ONE is allergic) = 1- 0.9555 = 0.0444