Answer:
68.
Step-by-step explanation:
The common difference d = -19 - (-22) = 3
So the 31st term =
a31 = -22 + (31-1)3
= -22 + 90
= 90 - 22
= 68.
After 1 year, the initial investment increases by 7%, i.e. multiplied by 1.07. So after 1 year the investment has a value of $800 × 1.07 = $856.
After another year, that amount increases again by 7% to $856 × 1.07 = $915.92.
And so on. After t years, the investment would have a value of .
We want the find the number of years n such that
Solve for n :
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