Answer:
yes
Step-by-step explanation:
The future amount of the current deposit given that the interest is simple and yearly is computed through the equation,
F = P x (1 + in)
where P is the principal amount, F is the future amount, i is the interest (in decimal form) and n is the number of years.
In this certain problem, we substitute the known values to the equation and solve for P,
2419.60 = P x (1 + (0.052)(1))
P = 2300
Thus, the initial investment was worth $2,300.
Step-by-step explanation:
There are a total of 4 + 1 + 9 + 6 = 20 cookies. So the probabilities of each type for a random cookie are:
P(oatmeal raisin) = 4/20 = 1/5
P(sugar) = 1/20
P(chocolate chip) = 9/20
P(peanut butter) = 6/20 = 3/10