Example 4 Draw 3 cards at random, one after the other,
without replacement, from a set of 4 cards
consisting of one club, one diamond, one heart,
and one spade; X represents the number of
diamonds selected.
X is binomial with n=
and p =
View answer

$655.61 which is option c

step-by-step explanation:

price of house =   $146,000

initial rate = 3.5%

mortgaged paid in this = 3.5 % of $146,000

                                        =

                                        =$5110

the total years would be = 7

total mortgaged paid = 7 * $5110

                                      =$35770

remaining money = $146000-35770

                                =$110230

new mortgaged payment = 5 % of 110230

                                            =  

                                            =$655.61