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If you draw an M&M candy at random from a bag of the candies,the candy you draw will have one of six colors.The probability of drawing each color depends on the proportion of each color among all candies made.Assume the table below gives the probabilities for the color of a randomly chosen M&M. What is the probability that you draw neither a brown nor a green candy?
Interest Rate
The percentage of the principal that is paid as a fee over a certain period of time for the use of borrowed money.
Future Amount
The predicted amount of money that an investment will grow to over a period of time, considering factors like interest rates and compounding.
Equivalent Amount
The same value or quantity expressed in a different way or form.
Interest Rate
A proportion of an amount of money that is charged for borrowing or using it, usually presented as a yearly rate.
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