The interest that is charged on the past six months of the investment period could be obtained by the use of the interest formula.
<h3>What is interest?</h3>
The term interest refers to the money that accrues on an investment or the money that is charged on top of a loan. The interest could be simple (charged only on the principal) or compound (charged on both the principal and the interest).
Thus, the interest that is charged on the past six months of the investment period could be obtained by the use of the interest formula.
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Answer:
Ah! Geometric sequences, Eh? Sucks I know....
Step-by-step explanation:
So first, we need to find the factor of this(been a while since I have done this)
So we found the relationship! Now we find the entire equation.
So we know the first term, 96, so let's use it!
So there is the equation!
Now to find the 10th term.
There you have it!
Hope this Helps!
P.S. Stay Safe!
