Answer:
94 years
Step-by-step explanation:
We can approach the solution using the compound interest equation
Given data
P= $40,000
A= $120,000
r= 1.25%= 1.25/100= 0.0125
substituting and solving for t we have
dividing both sides by 40,000 we have
dividing both sides by 0.005 we have
Compare the enumerators because they have the same denominator. 2 is large than 1 so 2/3 is larger than 1/3
Hope this helps!
Short Answer D
P(1) = 1(1+1)(2*1 + 1)/6
P(1) = 1(2)(2 +1) / 6
P(1) = 1(2)(3)/6
P(1) = 1
P(2) = 2(2+1)(2*2 + 1) / 6
P(2) = 2(3)(5) / 6
P(2) = 5 So this formula is adding as it goes along. To Find the Total all we need do is use the formula to calculate P(1) to P(7)
P(7) = 7*(7 + 1)(2*7 + 1)/6
P(7) = 7 * 8 * 15 / 6
P(7) = 7 * 4 * 5
P(7) = 140 <<<< Answer
