Answer: The amount of money in his account after 4 years = $7,658.73
Step-by-step explanation:
If interest is compounded annually, then formula to compute amount :
, where P+ principal value, r= rate of interest, n= time ( in years).
As per given,
P= $6700 , r = 3.4% =0.034, n =4
Hence, the amount of money in his account after 4 years = $7,658.73
Answer:
40
Step-by-step explanation:
(252-12)/6=40
Who is Ben and Arthur? I’m sorry, I’m not with the trends. And investing early is important, coming for a young entrepreneur like myself.
The correct answer is Choice D: 68%.
You have to make a tree diagram with all of the possibilities.
Here are the possibilities:
Rain - Win = 0.6 x 0.8 = 0.48
Rain - Loss = 0.6 x 0.2 = 0.12
No Rain - Win = 0.4 x 0.5 = 0.2
No Rain - Loss = 0.4 x 0.5 = 0.2
Adding up the two winning options gives us 68%
0.48 + 0.2 = 0.68