Demitri's parents begin saving for his college fund when Demitri is 10 years old. They invest $5,000 in an account that earns 1.2% interest compounded annually. When Demitri turns 18, he decides to attend a local community college for two years. One year of courses at the community college costs approximately $2,700. Is there enough money available from the investment to pay for the first two years of Demitri's college education?

yes

Step-by-step explanation:

A = P(1 + r)^t

A = total amount

P = principal

r = interest rate, as a decimal

t = time, in years

A = 5000·[(1 + .012)^8]

A = 5000(1.1001)

A = 5,500.65

amount of investment after 8 years = $5,500.65

two years of community college = $5,400

shown in steps, either 189/15625 or 63/4600 depends on different situation

Step-by-step explanation:

The answer depends on whether the is chip can be put into bin for next pick,

if it can be put back after first pick.. the possibility will be

total chips: 7 + 9 + 3 + 6 = 25

Red -> green -> yellow 7/25 x 9/25 x 3/25 = 189/15625

If the first time picked chip will not put back for second pick:

7/25 x 9/24 x 3/23 = 63/4600