If you deposit $300 in an account with a 6% interest rate, how much will be in your account after 1 year?
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Answer:
Step-by-step explanation:
<u>Arithmetic Sequences</u>
The arithmetic sequences are identified because any term n is obtained by adding or subtracting a fixed number to the previous term. That number is called the common difference.
The equation to calculate the nth term of an arithmetic sequence is:
Where
an = nth term
a1 = first term
r = common difference
n = number of the term
We are given the first terms of a sequence:
-12, -28, -44,...
Find the common difference by subtracting consecutive terms:
r = -28 - (-12) = -16
r = -44 - (-28) = -16
The first term is a1 = -12. Now we calculate the term n=61: