NEED HELP ASAP PLZ!!!!!
1 answer:
You might be interested in
Answer:
The correct option is option (B).
He would be saving $10,485.75.
Step-by-step explanation:
We know that,
1 cent =$ 0.01.
Geometric sequence:
- The first term of the sequence be a and common ratio n, then
term of the sequence is
.
- The sum of the sequence is
where r>1
where r<1
=na where r=1
Here first term(a)= $0.01, r= 2 , n=20
=10,485.75
He would be saving $10,485.75.