Solve Counting Problems Using the Multiplication Rule

question 2

Multiple Choice

Solve Counting Problems Using the Multiplication Rule
-License plates in a particular state display 2 letters followed by 4 numbers. How many different license plates can be manufactured (Repetitions are allowed.)

• A) 6,760,000
• B) 8
• C) 36
• D) 260

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Definitions:

Contingent Liability

A potential obligation that may arise depending on the outcome of a future event.

Recorded

The act of entering financial transactions into the accounting records of a business.

Interest-Bearing Note

A financial instrument that requires the issuer to pay interest in addition to repaying the principal amount at the note's maturity.

Maturity

The date on which a financial obligation, such as a bond or loan, is due to be fully paid off.