Question

PLEASE HELP ASAP!!! CORRECT ANSWER ONLY PLEASE!!!

Answer 1

Answer:  $858.25

Step-by-step explanation:

The sum of a geometric sequence is: $S_n=\dfrac{a_1(1-r^n)}{1-r}\ \text{where}\ a_1\ \text{is the first term and r is the ratio}$

In the given problem, $a_1=100$ and r = 1.02

$S_8=\dfrac{100(1-1.02^8)}{1-1.02}\\\\\\.\quad=\dfrac{100(1-1.17165)}{-0.02}\\\\\\.\quad=-5000(-0.17165)\\\\.\quad=858.25$

Answer 2

Week 1: $100
Week 2: $102
Week 3: $104.04
Week 4: $106.1208
Week 5: $108.243216
Week 6: $110.40808032
Week 7: $112.6162419264
Week 8: $114.868566764928
Total: $858.296905011328

(A=100[((1+0.02)^(8)-1)(/0.2)=858.29

Hope that helped!