Answer:
Annually: Total Amount = 1611.76, Interest Amount = 711.76
Semiannually: Total Amount = 1625.50 , Interest Amount = 725.50
Quarterly: Total Amount = 1632.62 , Interest Amount = 732.62
Step by Step Explanation:
We can see from the table that the factor that we need to multiply with 900 in order to get amount for compounded annually is 1.7908477. Therefore, our total amount is 1.7908477*900 = 1611.76 and interest earned is 1611.76-900 = 711.76.
The factor that we need to multiply with 900 in order to get amount for compounded semiannually is 1.8061112. Therefore, our total amount is 1.8061112*900 = 1625.50 and interest earned is 1625.50-900 = 725.50.
The factor that we need to multiply with 900 in order to get amount for compounded semiannually is 1.8140184. Therefore, our total amount is 1.8140184*900 = 1632.62 and interest earned is 1632.62-900 = 732.62.
Given that the insurance pays 80% of the cost of surgery and the surgery cost $9600, the amount of money Vivian will pay will be given as follows:
20/100×9600
=$1960
since she will cater for the deductibles that amount to $500 before the insurance takes over, then the total amount she will have to pay will be:
1960+500
=$2420
Answer: the probability that exactly two of the next five people who apply to that university get accepted is 0.23
Step-by-step explanation:
We would number of people that applies for admission at the university and gets accepted. The formula is expressed as
P(x = r) = nCr × p^r × q^(n - r)
Where
x represent the number of successes.
p represents the probability of success.
q = (1 - p) represents the probability of failure.
n represents the number of trials or sample.
From the information given,
p = 0.6
q = 1 - p = 1 - 0.6
q = 0.4
n = 5
the probability that exactly two of the next five people who apply to that university get accepted is
P(x = 2) = 5C2 × 0.6^2 × 0.4^(5 - 2)
P(x = 2) = 10 × 0.36 × 0.064
P(x = 2) = 0.23
Why are you asking me for help
Answer:
2
Step-by-step explanation:
I just need for the points
