Answer:
r=ts/-qu
Step-by-step explanation:
Answer:
Option a. convergent: A
Step-by-step explanation:
a0=3/2
a1=9/8
a2=27/32
a1/a0=(9/8)/(3/2)=(9/8)*(2/3)→a1/a0=3/4
a2/a1=(27/32)/(9/8)=(27/32)*(8/9)→a2/a1=3/4
r=a1/a0=a2/a1→r=3/4
The abosute value of r= !r! = !3/4! = 3/4 = 0.75<1, the series is convergent
The compound interest formula is : 
where, A= Future value including the interest,
P= Principle amount, r= rate of interest in decimal form,
t= number of years and n= number of compounding in a year
Here, in this problem P= $ 51,123.21 , t= 20 years and 2 months
So, t= 20 + (2/12) years
t= 20 + 0.17 = 20.17 years
As the amount is compounded daily, so n= (12×30)= 360 [Using the traditional Banker’s rule of 30 days per month]
Thus, 
When the interest rate is given, then we can use this equation for finding the future value.
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