Business Math and Statistics

You deposit $1,000 for 4 years at an interest rate of 2.0%. If the interest is compounded annually, how much money do you have after 4 years?

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  1. 1000(1+.02)^4 = 1082.43

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  2. Ill be concise:60% of people in survey had income greater than 25k, 40% under 25k. Further, same survey, 70% have exactly 2 cars, while 30% have a different number than 2. The probability that the residents own 2 cars IF income is over 25k is 80%.

    what is the probability of a household have exactly 2 cars AND an income UNDER 25k?
    i get the answer 28%. the right answer is 22%.
    I don't know how to incorporate the last 80% chance bit of the setup part. please help

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