A = P(1 + rt)
Where:
<span>·
</span>A = Total Accrued Amount (principal + interest)
<span>·
</span>P = Principal Amount
<span>·
</span>I = Interest Amount
<span>·
</span>r = Rate of Interest per year in decimal; r = R/100
<span>·
</span>R = Rate of Interest per year as a percent; R = r * 100
<span>·
</span>t = Time Period involved in months or years
A = 15,000(1+ 0.07(5))
A = 20,250 they acquired in total for 5 years
The yearly amount the get is 15,000 xx 0.07 = $ 1050 per
year
So in the next 25 years addition of 1050x25 = $26250 they
will get
The answer is 984.6 hope this helps
Answer:
nth term = 523 + 24(n - 1
Step-by-step explanation:
This is modelled by an arithmetic series where first term a1 = 523 and common difference d = 24.
nth term = a1 + d(n - 1).
Here it is 523 + 24(n - 1) (answer)
You can cancel if the top and bottom are both multiplication and they have common factors.
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