Answer:
c(10) = 4
Step-by-step explanation:
Answer:
$5504
Step-by-step explanation:
Given that :
Principal amount = $500
Interest = 4% simple interest annually
Amount added at the end of each year :
First year:
Principal + (Principal * rate * time)
500 + (500 * 0.04) = 520
$520 + $250 = $770
2nd year:
770 + (770 * 0.04) = $800.80
$800.80 + $250 = 1050.80
3rd year:
1050.8 + (1050.8 * 4) = 5254
$5254 + 250 = $5504
Minus the 10 from the 50, which makes 40. then divide 40 by 8
50-10=40
40÷8=5
n=5
