Answer:
Step-by-step explanation:
have two hats. In one hat are balls numbered 1 through 15. In the other hat are balls numbered 16 through 25. I first choose a h
2 answers:
Answer:
0.2239
Step-by-step explanation:
Given that you have two hats. In one hat are balls numbered 1 through 15. In the other hat are balls numbered 16 through 25. I first choose a hat, then from that hat, I choose 3 balls, without replacing the balls between selections.
Either I or II hat can be selected.
Prob of selecting any one hat = 0.5
After selecting I hat, selecting 3 balls can be done in 15C3 ways and from II hat it can be done in 10C3 ways.
total no of ways of selecting 3 balls = (10+15)C3 = 2300
Probability required
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Answer:
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
- The total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.
Step-by-step explanation:
a) How much will you have at the middle of the first year?
Using the formula
where
- Principle = P
- Annual rate = r
- Compound = n
- Time = (t in years)
- A = Total amount
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 0.5 years
To determine:
Total amount = A = ?
Using the formula
substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 0.5 years is $ 309.00.
Part b) How much at the end of one year?
Using the formula
where
- Principle = P
- Annual rate = r
- Compound = n
- Time = (t in years)
- A = Total amount
Given:
Principle P = $300
Annual rate r = 6% = 0.06 per year
Compound n = Semi-Annually = 2
Time (t in years) = 1 years
To determine:
Total amount = A = ?
so using the formula
so substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 300.00 at a rate of 6% per year compounded 2 times per year over 1 year is $ 318.27.