What is the rule for this sequence 6, 18, 54, 162, 486
2 answers:
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Answer: Hence, this investment would be worth of $366.756
Step-by-step explanation:
Since we have given that
Amount he invests = $350
Rate of interest compounded quarterly = 1.5%
Number of years = 50 years = 1.25 quarters
As we know the formula for "Compound Interest ":
For remaining half year, we first find the interest with using the above amount as principal amount.
Hence, this investment would be worth of