Answer: A = $1503.6
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 1000
r = 6% = 6/100 = 0.06
n = 1 because it was compounded once in a year.
t = 7 years
Therefore,.
A = 1000(1 + 0.06/1)^1 × 7
A = 1000(1.06)^7
A = $1503.6
Answer: 192
Step-by-step explanation: 24 • 8
Answer:
The probability is 0.081
Step-by-step explanation:
Here, we want to calculate the probability that the 3rd inspection will be defective.
What this means is that the first two would
not be defective.
Probability of having a defective DVD = 10% = 10/100 = 0.1
Probability of not having a defective DVD = 1 -0.1 = 0.9
So the probability of third being defective = Probability of first not defective * Probability of second not defective * Probability of third defective
= 0.9 * 0.9 * 0.1 = 0.081
Answer:
yes
Step-by-step explanation:
Refer from RD Sharma
RS Aggarwal or ask your teacher
