Through careful observation, a man has determined that there is a 21% chance that it will snow on his birthday if he wakes up when his alarm clock says an even minute, but only an 8% chance it will snow if he wakes up at an odd minute. Assume that he wakes up at an even minute half the time. What is the probability that it will snow on his birthday?

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

explanation:

remove parenthesis:

=

apply rule

=

multiply fractions:

=

=

divide:

=

mordancy.

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