Amount earned in compound interest = P(1 + r)^n; where P is the principal, r is the rate and n is the number of periods.
Amount = 3,000(1 + 14%)^6 = 3,000(1 + 0.14)^6 = 3,000(1.14)^6 = $6,584.91
The colution to your problem is a. (3,-6)
Answer:
if the line keeps going and theynever touch
Step-by-step explanation:
Answer:
60$ (b)
Step-by-step explanation:
we know that 20% of the total is peters - and peter has 12 dollars. We know that 20% 5 times gets us to 100%. So we multiply 12 by 5 to get a total answer of 60$
The number of months that it will take the latest model's battery life to reach 1,008.9 minutes is; 8 months
<h3>How to solve geometric progression?</h3>
Each month, there is an increase by a factor of 0.06 of the previous months model.
From geometric sequence formula of aₙ = ar^(n - 1),
where;
a is first term
r is common ratio
aₙ is nth term
we have;
1,008.9 = 671 * 1.06^(n - 1)
1008.9/671 = 1.06^(n - 1)
In 1.504 = (n - 1) In 1.06
0.408 = (n - 1) * 0.058
n - 1 = 0.408/0.058
n = 7.03 + 1
n ≈ 8 months
Read more about geometric sequence at; brainly.com/question/24643676
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