Answer:
a. Simple interest = $174
b. Compund interest = $1187.1
Step-by-step explanation:
Given the following data;
Principal, P = $1000
Interest, R = 2.9%
Time, T = 6 months
a. To find the simple interest;
S.I = (PRT)/100
S.I = (1000*2.9*6)/100
S.I = 17400/100
S.I = $174
b. To find the compound interest;
Substituting into the formula, we have;
A = $1187.1
The sum of the first 8 terms is 2.51 to the nearest hundredth
Step-by-step explanation:
In the geometric sequence there is a constant ratio between each two consecutive terms
The formula of the sum of n terms of a geometric sequence is:
, where
∵ The sequence is 6 , -5 , 25/6 , .............
∵ -5 ÷ 6 =
∵ ÷ -5 =
- There is a constant ratio between the consecutive terms
∴ The sequence is a geometric sequence
∵ The first term is 6
∴ a = 6
∵ The constant ratio is
∴ r =
∵ We need to find the sum of 8 terms
∴ n = 8
- Substitute the values of a, r and n in the rule above
∴
∴
- Round it to the nearest hundredth
∴
The sum of the first 8 terms is 2.51 to the nearest hundredth
Learn more:
You can learn more about the sequences in brainly.com/question/7221312
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