Which of the following investments could be represented by the function A = 250(1 + 0.08/12)12 × 4?
1 answer:
hello,
the first term is 250 so this is the initial invested amount
is to compute 8% annual interest compounded monthly (there are 12 months in a year)
and then multiply by 4 means that it is computed for 4 years so
finally the answer is
$250 is invested at 8% annual interest compounded monthly for 4 years
hope this helps
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The recursive formula would be:
This is because the first term, a₁, is 10. A recursive rule is dependent upon the term before it (a(n-1)) and the common ratio. The common ratio, or the number that each term is multiplied by, is -8.
This is because the first term, a₁, is 10. A recursive rule is dependent upon the term before it (a(n-1)) and the common ratio. The common ratio, or the number that each term is multiplied by, is -8.