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
Answer:
5.05
Step-by-step explanation:
3.85+0.05+1.15
= $5.05
Answer:
cant see image ;( sadddddddd
Step-by-step explanation:
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
- a is the first term
- r is the constant ratio between the consecutive terms
∵ 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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