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3 years ago

Paige invested 1200 at an interest rate of 5.75% compounded quarterly. Determine the value of her investments in 7 years.

1 answer:

4 0

Use the formula A=p(1+r)^n
where
A= value of investment
r= rate
n= time period
p= amount invested
in this question
r= 5.75% but compounded quarterly means divide this by 4
r= 23/1600
n=7*4
n=28
p= $1200
A=1200(1+23/1600)^28

A= $1789.54

Therefore the value of her investment in 7 years is $1789.54

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2 years ago

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emmasim [6.3K]

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And the terms will be expressed as:

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Step-by-step explanation:

First of all, we have to determine if the given sequence is arithmetic sequence or geometric. For that purpose, we calculate the common difference and common ratio

Given sequence is:

11,4,-3,-10,-17...

Here

$a_1 = 11\\a_2 = 4\\a_3 = -3\\So,\\d = a_2 - a_1 = 4-11 = -7\\d = a_3-a_2 = -3-4 = -7$

As the common difference is same, given sequence is an arithmetic sequence.

A recursive formula is a formula that is used to generate the next term of the sequence using the previous term and common difference

So, the recursive formula for an arithmetic sequence is given by:

$a_n = a_{n-1} +d\\Putting\ d = -7\\a_n = a_{n-1}-7$

Hence,

The recursive formula for given sequence is: $a_n = a_{n-1}-7$

And the terms will be expressed as:

Keywords: arithmetic sequence, common difference

Learn more about arithmetic sequence at:

#LearnwithBrainly

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