amount after 2 years = 6000(1 + (0.04/12))^24 = 6498.86
We know that
a1=1
a2=3
a3=9
a2/a1=3/1----> 3
a3/a2=9/3----> 3
<span>common ration r is equal to 3
number of terms n is 12
The </span><span>Sum of geometric series is given by the formula
</span>Sum=a1*[1-r<span>^n]/[1-r]
</span>Sum=1*[1-3^12]/[1-3]-----> Sum=[1-3^12]/[1-3]----> [3^12-1]/[3-1]
<span>Sum=531440/2-----> 265720
the answer is
265720
</span>
Answer:
D) She has a total of $62 in the piggy bank.
Step-by-step explanation:
Jenny has been saving quarters in a piggy bank since she was born.
She decides to add 56 more quarters so that she can buy a $65 phone.
So she has 192 + 56 = 248 quarters currently.
1 quarter is equivalent to $0.25
248 quarters equals;
× $0.25 = $62
So Jenny has a total of $62 in the piggy bank.