Answer:
$2000x(1.03)ˣ
Step-by-step explanation:
This is known as compound interest.
100% + 3% = 103%, so we put this into a decimal: 1.03
We now put this into the equation:
$2000x(1.03)ˣ
If you want to work out the price after, say 3 years, then you would change x to 3, so the equation becomes
$2000x(1.03)³
You can then use a calculator to work out the answer.
Answer:

Given series is convergence by using Leibnitz's rule
Step-by-step explanation:
<u><em>Step(i):-</em></u>
Given series is an alternating series
∑
Let 
By using Leibnitz's rule


Uₙ-Uₙ₋₁ <0
<u><em>Step(ii):-</em></u>


= 

=0

∴ Given series is converges
Answer:
so rate is 4.72 %
Step-by-step explanation:
Given data
time (t) = 5 year = 5×4 = 20 quarterly
amount = $27456
principal = $1225
to find out
interest rate (r)
solution
we use here amount formula that is
amount = principal (
-1 ) / r .....................1
put all value principal , amount and time in equation 1 and we get rate
rate is r/4 because it is quarterly payment
amount = principal (
-1 ) / r/4
27456 = 1225 (
-1 ) / r/4
(
-1 ) / r/4 = 27456/ 1225
(
-1 ) / r = 27456/ (1225 × 4)
(
-1 ) = r 27456/ (1225 × 4)
now by the tvm solver and amount $27456
graph value
we get r = 0.0472
so rate is 4.72 %