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klasskru [66]
3 years ago
12

Gareth has $2,000 to invest. Putting the money in a savings account at his local bank will earn him 2.2% annual interest and giv

es him the ability to make ATM withdrawals from that bank’s ATMs. Putting the money in an online savings account will earn him 4.85% annual interest, but he will be charged $3 every time he makes an ATM withdrawal. Assuming that Gareth’s ATM withdrawals do not affect the amount of interest he earns, roughly how many ATM withdrawals must Gareth make every year for the local savings account to be a better deal than the online savings account?
Mathematics
2 answers:
Nonamiya [84]3 years ago
4 0

Answer:

its 14

Step-by-step explanation:

i took the test. I got you

atroni [7]3 years ago
3 0
<span>What a strange question. How could withdrawals fail to change the interest earned?!
 Anyway...
 How much does $2000 earn in a year at 2.2%? How much does $2000 earn in a year at 4.85%? What the difference in interest credits? How many $3 ATM transactions does it take to eat that up?</span>
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anyanavicka [17]
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10(x+y) + 3x = 180
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5 0
3 years ago
Read 2 more answers
I got the first two can you help me with the last one PLZ
Nat2105 [25]

1. Geometric Sequence

2. a_n = a_{n-1} * 3

3. a_n = 6 * (3)^{n-1}

Step-by-step explanation:

Given sequence is:

6, 18, 54, 162,....

Here

a_1 =6\\a_2 = 18\\a_3 = 54

(a) Is this an arithmetic or geometric sequence?

We can see that the difference between the terms is not same so it cannot be an arithmetic sequence.

We have to check for common ratio (ratio between consecutive terms of a sequence) denoted by r

r = \frac{a_2}{a_1} = \frac{18}{6}= 3\\r = \frac{a_3}{a_2} = \frac{54}{18} = 3

As the common ratio is same, the given sequence is a geometric sequence.

(b) How can you find the next number in the sequence?

Recursive formulas are used to find the next number in sequence using previous term

Recursive formula for a geometric sequence is given by:

a_n = a_{n-1} * r

In case of given sequence,

a_n = a_{n-1} * 3

So to find the 5th term

a_5 = a_4*3\\a_5 = 162*3\\a_5 = 486

(c) Give the rule you would use to find the 20th week.

In order to find the pushups for 20th week, explicit formul for sequence will be used.

The general form of explicit formula is given by:

a_n = a_1 * r^{n-1}

Putting the values of a_1 and r

a_n = 6 * (3)^{n-1}

Hence,

1. Geometric Sequence

2. a_n = a_{n-1} * 3

3. a_n = 6 * (3)^{n-1}

Keywords: Geometric sequence, common ratio

Learn more about geometric sequence at:

  • brainly.com/question/10666510
  • brainly.com/question/10699220

#LearnwithBrainly

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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