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3 years ago

11

Use the given equations to determine which is the better option: One million dollars today $1 on day one, and each following day

you receive 55% more than the previous day’s amount for 30 days an = a1 • r n − 1Sn = a1(1 − rn) 1 − r a1 = $ r = n =

1 answer:

Setler [38]3 years ago

4 0

Answer:

a1 = $ 1

r = 1.55

n = 30

Step-by-step explanation:

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