A person bought some Australian dollar of NRs 1,50,000 according to the exchange rate. Australian dollar 1 = NRs 77.02. After fi
1 answer:
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Answer:
The common ratio of the geometric sequence is:
Step-by-step explanation:
A geometric sequence has a constant ratio 'r' and is defined by
where
- aₙ is the nth term
- a₁ is the first term
- r is the common ratio
Given the sequence
Compute the ratios of all the adjacent terms:
The ratio of all the adjacent terms is the same and equal to
Therefore, the common ratio of the geometric sequence is:
Answer:
The amount the car will be worth after 6 years is £21,917 and 22 pence
Step-by-step explanation:
The amount for which Colin buys the car, PV = £28,100
The amount by which the car depreciates each year, r = 4%
The number of years after which the value of the car is sought, n = 6 years
The future value, FV, based on an annual depreciation is given as follows;
Substituting the known values gives;
Therefore, the amount the car will be worth after 6 years, future value FV₆ = £21,917 and 22 pence