You need to know 20% of $5000. "Of" means "times".
$5000 x 0.20 (which is 20% written as a decimal)
=$1000 profit she wants to make
$5000 (original price) + $1000 (profit) = $6000 (sale price)
We have that the fourth term of an arithmetic sequence is
a_4=14
Option C
From the question we are told
What is the fourth term of an arithmetic sequence whose first term is 23 and whose seventh term is 5?
A) 78
B) 32
C) 14
(Explain your work)
Generally the equation for the arithmetic sequence is mathematically given as

Therefore
For seventh term

Therefore
For Fourth term

a_4=14
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Answer:
so rate is 4.72 %
Step-by-step explanation:
Given data
time (t) = 5 year = 5×4 = 20 quarterly
amount = $27456
principal = $1225
to find out
interest rate (r)
solution
we use here amount formula that is
amount = principal (
-1 ) / r .....................1
put all value principal , amount and time in equation 1 and we get rate
rate is r/4 because it is quarterly payment
amount = principal (
-1 ) / r/4
27456 = 1225 (
-1 ) / r/4
(
-1 ) / r/4 = 27456/ 1225
(
-1 ) / r = 27456/ (1225 × 4)
(
-1 ) = r 27456/ (1225 × 4)
now by the tvm solver and amount $27456
graph value
we get r = 0.0472
so rate is 4.72 %