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klasskru [66]
3 years ago
12

The price of an item has been reduced by 65%. The original price was $45. What is the price of the item now?

Mathematics
2 answers:
Viktor [21]3 years ago
8 0
$29.25 is now the price of the item
dem82 [27]3 years ago
5 0

it's 25.25 i'm pretty sure

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According to geometric sequence first term 50000 and common ratio 1.05.

Applying geometric sequence formula

a_n = ar^{n-1}

1) a_n = 50000(1.05)^{n-1}

2) In order to find salary in 5 years we need to plug n=5, we get

a_5 = 50000(1.05)^{5-1}= 50000(1.05)^4

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3) In order to find the total salary in 10 years we need to apply sum of 10 terms formula of a geometric sequence.

S_n = \frac{a(1-r^n}{1-r}

Plugging n=10, a = 50000 and r= 1.05.

S_10 = \frac{50000(1-(1.05)^{10}}{1-1.05}

S_10 = \frac{50000(0.050)^{10}}{0.05}

= 628894.62678.

<h3>Therefore , you will have earned $ 628894.62678 in total salary by the end of your 10th year.</h3>



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