George wants to buy a house for 287000.He is expected to pay a 10% deposit and can secure a bond from his bank repayable over 25years at 13% p.a. interest. Calculate e total amount of money expected to be paid to the bank over the years?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
George wants to buy a house for 287000.He is expected to pay a 10% deposit and can secure a bond from his bank repayable over 25years at 13% p.a. interest.
Calculate e total amount of money expected to be paid to the bank over the years?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
