The answer is -0.8 welcome
Answer:
Time t = 15 years
Step-by-step explanation:
Interest = 892.50
Principal = 1400
Rate = 4.25%
Time = unknown
But
interest I = Principal p * rate r * time t
Time t = interest I/(principal P * rate r)
Time t=( 892.50*100)/(1400*4.25)
Time t=89250/5950
Time t = 15 years
I think the correct answer from the choices listed above is the second option. Combining probabilities is a function of mutually exclusive events. Joint probability<span> is a measure of two events happening at the same time, and can only be applied to situations where more than one observation can be occurred at the same time.</span>