Answer:
see explanation
Step-by-step explanation:
To calculate the first 3 terms substitute n = 1, 2, 3 into the n th term rule
= (3 × 1) + 2 = 3 + 2 = 5
= (3 × 2) + 2 = 6 + 2 = 8
= (3 × 3) + 2 = 9 + 2 = 11
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substitute n = 10 into the n th term rule
= (3 × 10) + 2 = 30 + 2 = 32
It takes 3 years for the balance of account to be $ 221
<em><u>Solution:</u></em>
From given information,
Principal = $ 200
Rate of interest = 3.5 %
Amount after "n" years = $ 221
To find: number of years
In simple Interest,
Simple interest = amount earned - principal
Simple interest = 221 - 200 = 21
Thus simple interest earned is $ 21
<em><u>The formula for simple interest is given as:</u></em>
Where,
p is the principal
n is the number of years
r is the rate of interest per annum
Substituting the given values in formula,
Thus it takes 3 years for the balance of account to be $ 221