Question Number 3 40% of the coupons give the winner a vacation in Goa, the other coupons are blank, Fach eligible person can draw only one coupon. What is the approximate probability that exactly 1 out of 5 people that draw a coupon geta vacation? Please note - 5 people draw a coupon one after the other and once drawn, a coupon is replaced back immediately before the next person can draw. O 0.26 UD 0.13 CD 0.026 CD 0.5
Answers
Present value =₹ 6250
Interest rate= 8 % per annum
Time =1 year compounded half-yearly
To find the amount we have the formula,
Amount (A)=P(1+(r/100))
where P is present value, r is rate of interest, n is time in years
Now substituting the values in above formula we get,
∴A=6250(1+(8/2)/100)
⇒A=6250(1+4/100)
⇒A=6250(1+1/25)
⇒A=6250(26/25)
⇒A=10×26×26
⇒A=₹ 6760
∴ Compound interest =A–P
=6760–6250
=₹ 510
Answer:
here is the answer:-
Present value =₹ 6250
Interest rate= 8 % per annum
Time =1 year compounded half-yearly
To find the amount we have the formula,
Amount (A)=P(1+(r/100))
where P is present value, r is rate of interest, n is time in years
Now substituting the values in above formula we get,
==6250(1+(8/2)/100)
⇒A=6250(1+4/100)
⇒A=6250(1+1/25)
=6250(26/25)
⇒A=10×26×26
⇒A=₹ 6760
∴ Compound interest =A–P
=6760–6250
=₹ 510
Step-by-step explanation: