Answer:
Assume you will invest fixed amount x at the starting of each month
S(12): (1.00625x)*(1.00625^(12)-1)/(1.00625-1) = 2000
x=160
you will invest fixed amount 160 at the starting of each month and get 2000 at the end of the year ,which compounded 7.5% monthly.
how much will you have invested at the end of the first year ?
160*12=1920
Answer:
a=-1
Step-by-step explanation:
a(n) = -6+3(n-1)
a(n) = -6+3n-3
a(n) -n=-6+3n-n-3
a=-6+3-3
+3 +3
a3=-3
---- ----
3 3
a=-1
Answer:
17.5 gallons of water was dispensed
Step-by-step explanation:
Total amount of water dispersed= (Amount of water dispersed to each rider×Number of Riders) where;
Amount of water dispersed to each rider=5/8 gallons
Number of Riders=28
Substituting;
(5/8)×(28)=17.5 gallons
