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1 answer:
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Answer:
The explicit formula for the given expression is .
Step-by-step explanation:
The given sequence is
-7, -4, -1, 2, 5
The difference between two consecutive terms is same, therefore the given sequence is an arithmetic sequence.
The first term of the given AP is -7 and the common difference is
The explicit formula for an AP is
Where, a is first term, d is common difference and n is number of terms.
Substitute a=-7 and d=3 in the above equation.
Therefore the explicit formula for the given expression is .
Answer:
He must invest R297 521 today.
Step-by-step explanation:
The compound interest formula is given by:
Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.
Banabas must pay his ex-wife an amount of R350 000 in two years’ time.
This means that
Interest rate of 8.15% per annum compounded monthly:
This means that .
Amount he must invest today:
This is P. So
He must invest R297 521 today.
Answer: