After 10 years, there will have been 120 deposits. The last one earns 12%/12 = 1% interest, so is mutipied by 1.01. The one before is multiplied by 1.01². Overall, you have the sum of a geometric series of 120 terms with first term 10.10 and common ratio 1.01. That sum is given by the general formula
Sn = a1·(r^n -1)/(r -1)
S120 = 10.10(1.01^120 -1)/(1.01 -1)
S120 = 1010·2.30038689 ≈ 2323
At the end of the 10th year (before the first deposit of the 11th year), the account balance will be
$2,323
Answer:
21
Step-by-step explanation:
42/2 is 21
1) use the distance formula to find that the radius (r) of the circle = 5
2) use the midpoint formula to find that the center of the circle (h,k) = (3, 0)
3) Now use the formula of a circle and input the (h,k) and r to create:
(x - 3)² + (y - 0)² = 5² → (x - 3)² + y² = 25
4) input the "x" value given in the question (x = 0) and solve for "y":
(0 - 3)² + y² = 25 → 9 + y² = 25 → y² = 16 → y = +/- 4
Since the question states that "b" must be positive, you can disregard the -4.
Answer: b = 4
2000 is 20 X 100. Therefore, 7 X 2000 is (7 X 20) X 100.
7 X 2 = 14. 14 X 10 = 140. 7 X 20 = 140
140 X 100 = 14000. 7 X 2000 = 14000
