Step 1 Given data: Principal
Rate of interest,
The simple interest is given by the formula as:
Step 2 Hence, the amount (i.e account balance) after 8 years is equal to,
Answer: The amount after 8 years will be $2370.
According to a study by Dr. John McDougall of his live-in weight loss program at St. Helena Hospital, the people who follow his program lose between 6 and 15 pounds a month until they approach trim body weight. Let's suppose that the weight loss is uniformly distributed. We are interested in the weight loss of a randomly selected individual following the program for one month. Give the distribution of X. Enter an exact number as an integer, fraction, or decimal.