One person being nervous around strangers is assumed independent of other people behaviour. Then, the multiplication rule can be applied as
both nervous = 0.14*0.14 = 0.0196 = 1.96%
one is nervous, one is not nervous = 0.14*(1-0.14) = 0.1204 = 12.04%
At least one nervous = 1.96% + 12.04% = 14%
Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
Learn more about annuity on:
brainly.com/question/5303391
#SPJ1
<span>The surface area of a sphere is equal to [4 x Pi x R^2]. In other words, four multiplied by 3.14 multiplied by the radius squared. If the radius of a sphere is 15 yards, the approximate surface area is [4 x 3.14 x (15x15)] = [12.5 x 225] = [2,812 yd^2]. The surface area of a sphere with radius 15 yd is approximately 2,800 yards.</span>
