Marco invested $3000 into a fund that is expected to grow by 4.23% per year. how long will it take the fund to be worth $6000?
a. about 4.2 years
b. about 9.5 years
c. about 10.5 years
d. about 17 years

1/15

Step-by-step explanation:

When we form such three-digit numbers with distinct digits using the digits  1 , 2 , 3 , 5 , 8  and  9  (in all six digits all different), observe that the order of digits does matter. For example, if we make a number using digits  1 , 2 ,  and  3 , we can have  123 , 132 , 231 , 213 , 312  or  321 .

Hence we have to find number of  3  digit numbers that can be made from these six digits using permutation and answer is ⁶ P ₃ =  6  ×  5  ×  4  =  120 .

.How haw many of them will have first digit as even, we have two choices  2  and  8 . Once we have chosen  2

for hundreds place, we can have only  8  in units place and any one of remaining  4  can be used in tens place. Hence four choices, with  2  in hundreds place and another four choices when we have  8  in hundreds place (and  2  in units place) i.e. total 8  possibilities.

Hence, the probability, that both the first digit and the last digit of the three digit number are even numbers, is  8  /120  =  1 /15

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