If you earned 892.50 after depositing 1400 at 4.25% simple interest, how long was it invested ? Using the simple interest formul
1 answer:
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Answer:
Diverge
Step-by-step explanation:
(a)
1st year:
2nd year:
3rd year:
4th year:
5th year:
(b) The sequence is divergent, because if we take the derivative of the function with respect to n year:
This is a positive, meaning the slope of the function is positive. If we take the second derivative using product rule
This is also positive when n > 0. Therefore, the slope is positive and increasing. This means the sequence diverges.