Polly looks in her piggy bank and sees she has 9 quarters, 6 dimes, 3 nickels and 20 pennies. How much money does she have in al
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You can see how the difference between two consecutive terms is constantly increasing:
So, for the next terms we'll have to add +9, +11, +13 and so on.
Also, note that is obtained by adding the 2nd odd number to
,
is obtained by adding the 3rd odd number to
, and so on.
So, the recursive formula is
For the explicit formula, recall that the sum of the first n odd numbers is n squared. Taking into account the fact that we're not starting from 1, we have
Interest rate= 0.083%
Step-by-step explanation:
Principal= $5000 Amount= $10000 Time period= 12 years
A=Amount, P= Principal, I= Simple Interest r= Rate of interest t= Time period