Answer:
$386794
Step-by-step explanation:
To be able to find how much we get in 5 years, we need to base it off the initial salary value.
So in the first year we get.
$70,000
To get how much we get in the 2nd year we add the extra 5%.
2nd year salary = (1.05)70000
2nd year salary = 73500
Now we continue to do that until the 5th year
3rd year = (1.05)73500
3rd year = 77175
4th year = (1.05) + 77175
4th year = 81033.75
5th year = (1.05) + 81033.75
5th year = 85085.44
Now we add them all up to get the total.
70000 + 73500 + 77175 + 81033.75 + 85085.44 = $386794.19 or $386794
Answer:
希 · 斯杰德布德克克贾克什伊索伊菲夫杰杰德克斯克克沃斯克维约沃沃
Answer:
The interest rate per year is 0.1
Step-by-step explanation:
The equation is A = P(1+rt)
Substitute the numbers
3500 = 2500 (1+4r)
solve for r:
The geometric series is convergent and the value is 16.
<h3>How to illustrate the information?</h3>
Recall that the sum of an infinite geometric series, S, given first term, t_1, and common ratio, r, is given by:
S = t_1/(1 - r)
Note that:
3 = (4)(3/4)
9/4 = (3)(3/4)
27/16 = (9/4)(3/4)
So this a geometric series with t_1 = 4 and r = 3/4. Therefore:
4 + 3 + 9/4 + 27/16 + ... = 4/(1 - 3/4) = 4/(1/4) = 16
The correct option is 16.
Learn more about geometric series on:
brainly.com/question/24643676
#SPJ4
Determine whether the geometric series is convergent or divergent. If it is convergent, find its sum
4+3+ 9/4 +27/16 +???
choices are
1. 3/4
2. 12
3. 4
4. divergent
5. 16
