Calculate S30 for the arithmetic sequence defined by {an}={3.1n-2}
1 answer:
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Step-by-step explanation:
Formula for simple interest:
where
a = final amount
p = principal amount
r = interest rate per annum
t = time in years
Now, we are finding a, the final amount, and given,
p = $650
r = 5.5% (5.5/100)
t = 4 years