We have the following given
p1 - probability for outcome 1
p2 - probability for outcome 2
p3 - probability for outcome 3
v1 - amount of money that you will win or lose for outcome 1
v2 - amount of money that you will win or lose for outcome 2
v3 - amount of money that you will win or lose for outcome 3
Therefore,
p1v1 + p2v2 + p3v3 is the average money you win or lose in playing the game.
<span>25.7 years
The rule of 72 is a simple approximation on how long it will take to double your money. You simply divide 72 by the interest rate and you'll have your estimate on the number of years it will take. So
72 / 2.8 = 25.7 years.
To demonstrate that it's just an estimate, you can take the log of 2 and divide by the log of 1.028 to get the exact value. This far more complicated calculation gives the result of 25.1 years. And to be honest, the estimate of 25.7 years is more than close enough for such an quick and easy rule of thumb.</span>
Answer
He would lose 2000 dollars either way so it doesn't really matter.
Step-by-step explanation:
The correct answer is a. 47.10 - 25 + d = 97.43.
This is because you have to subtract the $25, because it is a withdrawal, or taking out of money.
This rules out options C and D.
Also, Tina made a deposit of an amount that she can't remember. A deposit is adding a certain amount of money, so you have to +d.
This rules out option B.
The only option left is option A, which makes complete sense.
Just plug in 3 for n and then 5 for n to see if an turns out to be 10 and 26.
n=3:
A) an = 8*3+10 = 34
B) an = 8*3 - 14 = 10 OK
C) an = 16*3+10 = 58
D) an = 16*3 - 38 = 10 OK
n=5:
B) an = 8*5-14 = 26 OK
D) an = 16*5 - 38 = 42
So the answer is B
