How much would $200 invested at 4% interest compounded continuously be worth after 8 years? round your answer to the nearest cen
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<u>ANSWER</u>
The common ratio is -3.
<u>EXPLANATION</u>
In general, the common ratio of a Geometric Sequence is given by:
We can find the common ratio using any two consecutive terms of the geometric sequence by dividing the subsequent term by the previous term.
The given sequence is -2,6,-18,54
Using the first two terms the common ratio is
We could also used the second and third terms to get
and so on and so forth.
Therefore the common ratio is -3.