armand deposited $389.42 in a savings account that earns 3.2% simple interest. what is armand’s account balance after 7 years?

1 answer:

7 0

Okay so since we have $389.42 to start with, we will multiply that by 3.2% which gives us roughly $12.46. Knowing that he will get an additional $12.46 per year, we multiply 12.46 by 7, giving us $87.22. Now, we just add 87.22 to 389.42, which is 476.64. Therefore, Armand has $476.64 as his account after 7 years.

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Which answer is correct? Thank you

stiv31 [10]

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3 years ago

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Given the sequence in the table below, determine the sigma notation of the sum for term 4 through term 15.

Naya [18.7K]

It's a geometric sequence.

$4,-12,36,... \\ \\
a_1=4 \\
r=\frac{a_2}{a_1}=\frac{-12}{4}=-3 \\ \\
a_n=a_1 \times r^{n-1} \\
a_n=4 \times (-3)^{n-1} \\
a_n=4 \times (-3)^{-1} \times (-3)^n \\
a_n=4 \times (-\frac{1}{3}) \times (-3)^n \\
a_n=-\frac{4}{3}(-3)^n$

It's the sum for term 4 through term 15.

$\boxed{ \sum\limits_{n=4}^{15} (\frac{4}{3}(-3)^n)}$