9514 1404 393
Answer:
2187
Step-by-step explanation:
This geometric sequence has a first term of 1 and a common ratio of 3. Its general term can be written as ...
an = a1·r^(n-1)
an = 3^(n-1)
Then the 8th term is ...
a8 = 3^(8-1) = 2187
Answer:
no solution
Step-by-step explanation:
There is no solution.
Is this a year 9 question and if yes I do not have a clue lol
I search and found different answers but the nearest is 24
Solving for the amount of maturity given that it is compounded monthly for 1 year with an interest of 3%, we have the formula and solution below:
A = P (1+r/n)^rn
A = $5,000 (1.040417)
A =$5202.085
For compounded daily, we have the solution below:
A = $5,000 (1.040443)
A = $5202.215
The difference in amount is shown below:
Difference = $5202.215 - $5202.085
Difference = $0.13