Answer:
18225
Use the formula: .
A = final amount
P = initial amount invested
r = annual interest rate
t = time (in years)
Insert all values in appropriate places.
Simplify.
A=16200(1+(0.025)(6))
Answer:
31
Step-by-step explanation:
Answer:
common ratio
Step-by-step explanation:
When you have a geometric sequence
an = a1 r^(n-1)
The term r is call the common ratio, which is the number we are multiplying by each time
