Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 5500
PMT monthly payment?
R interest rate 0.115
K compounded monthly 12
N time 5years
Solve the formula for PMT
PMT=Pv÷ [(1-(1+r/k)^(-kn))÷(r/k)]
PMT=5,500÷((1−(1+0.115÷12)^(
−12×5))÷(0.115÷12))
=120.95
So the answer is C
Hope it helps!
Answer:
D
Step-by-step explanation:
We can test each pair making each ratio into its simplest form.
For A 2/3 is already in its simplest form and 9/15=3/5. they are not equivalent.
For B, 5/8 is already in its simplest form and 15/21=5/7. they are not equivalent.
For C, 3/12=1/4, and 6/18=1/3. They are not equivalent.
For D, 4/10=2/5, and 12/30=2/5. They are equivalent.
Answer:
Hence the carnival game gives you better chance of winning.
Step-by-step explanation:
Let the event of win be given by 1/10 in the game of rifle then the event of loose is given by 9/10
the
Odds in favor of a game are given by = P(Event)/ 1- P(Event)
Odds in favor of winning a rifle are given by = 1/10/ 1- 1/10
=1/10/9/10
=1/9
= 0.111
The probability of winning aa rifle game is 0.111
The probability of winning the carnival game is 0.15
Comparing the two probabilities 0.111:0.15
The probability of winning carnival game is greater than winning a rifle game
0.15>0.11
Hence the carnival game gives you better chance of winning.