Im doing something similar to this you wanna help each other out?
The decimal that is equal to 2/3 is...
0.66666666666
Hope this helps
Actually, this answer would be true. Why?
The first equation is: a(sub <em>n</em>) = 8, 13, 18, 23
The second is: a(sub 1)=8 ; a(sub <em>n</em>)= a(sub <em>n</em>-1)+5
if you wish to find the second term, plug two into the equation for <em /><em>n</em>
8+5=13
to find the third, plug the second term, 13, in for <em>n.</em>
13+5=18.
Hope this helped! I know it's a bit on the late side, but at least you can get the general idea!
Answer: $15385 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.8%. So
r = 7.8/100 = 0.078
It was compounded for 4 years. Therefore,
t = 4
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. The total amount is given as $21000. Therefore
21000 = P (1+0.078/12)^12×4
21000 = P (1+0.078/12)^48
21000 = P (1+0.0065)^48
21000 = P (1.0065)^48
P = 21000/1.365
P = $15385
Income of the first account after x years:
Income of the second account after x years:
Equating the above tw values we get the equation:
Solving the above equation for x:
Answer 8 years.
