Hank decided to invest money into a retirement fund. If the average investment return is 12% and Hank invests the yearly maximum of $6,000 how much interest will that initial investment be worth in 20 years?

$14400

Step-by-step explanation:

Using the formula for calculating the simple interest expressed as;

SI = Principal * Rate * Time/100

Given

Principal = $6000

Rate = 12%

Time = 20 years

Substitute into the formula;

SI = 6000 * 12 * 20/100

SI = 60*12*20

SI = 14,400

hence the interest worth after 20years will be $14400

the answer is 8

step-by-step explanation:

3.14 x 8x8

the answer   is 200

step-by-step explanation:

this is a problem about poisson probabilities.   i don't know if you've

already studied poisson distributions, or if you have a place to look

to read more about the subject.  

here's how you can see a poisson distribution coming.   when there are

a lot of events that may happen at any time (or any place), and when

you're counting how many of them happen at a particular time (or a

particular place), and each event is independent of the others, then

the result is a poisson distribution.   this is roughly true for the

chocolate chips; one chip being in a cookie has only a small effect on

the probability that another chip will be in the cookie.

once you know you have a poisson distribution, you know a lot.   there

is only one parameter to a poisson distribution, so if you know the

mean, you know everything.   the form of the distribution is

  probability of n chips = {[e^(-x)]*(x^n)} / (n! )