An amount of $18,000 is borrowed for 10 years at 8.25% interest, compounded annually. If the loan is paid in full at the end of
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Answer:
<h2>405</h2>Step-by-step explanation:
The nth term of a geometric sequence is given by the formula
Given data
first term a1=5 and
common ratio r=-3
n= 5
The 5th term is 405
To write a percent as a decimal- move the decimal point two places to the left and divide by 100.
Explanation:
Lets take an example.
We have to convert 25% into decimals.
So, we will divide 25 by 100 ,
Here, we can see that we have moved the decimal to two places on the left side.