Principal: $750,00; annual interest rate: 5 percent. What is the interest after 6 months?
1 answer:
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Answer:
a(n) =
Step-by-step explanation:
The given expression is in the form of the explicit formula of a geometric sequence.
f(n) =
Where 'a' = First term of the sequence
r = common ratio
Recursive formula of a geometric sequence is,
a(n) =
a(n) =
Where,
So the recursive formula will be a(n) =
