5. A building contractor tendered for two independent contracts, X and Y.
The probabilities that he will win contract X is 0.5 and not win contract
Y is 0.3. What is the probability that he will win:
(A)both contracts;
(B)exactly one of the contracts;
(c) neither of the contracts?

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

hi! i think the answer is 1/2 : )

i believe it is 2

lolll