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3 years ago

8

Mathematical induction is:

1 answer:

Westkost [7]3 years ago

3 0

Answer:

The third option.

Step-by-step explanation:

Mathematical induction is a 2 step mathematical technique which is used to prove a statement, a formula or a theorem is true for every natural number.

Step 1 (Base step) - It proves that a statement is true for the initial value.

Step 2 (Inductive step) - It proves that if the statement is true for the nth iteration (or number n), then it is also true for (n + 1)th iteration (or number n + 1)

Hope this helps.

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chubhunter [2.5K]

The interest Ernesto will earn in 1 year to the nearest cent is 2200 cents.

<u>Given the following data:</u>

Principal = $20.

Interest rate = 10%

Time = 1 year.

To calculate how much interest Ernesto will earn in 1 year to the nearest cent:

<h3>How to calculate compound interest.</h3>

Mathematically, compound interest is given by this formula:

$B=P(1+r)^t$

<u>Where:</u>

B is the balance.

P is the principal or starting amount.

R is the interest rate.

T is the time measured in years.

Substituting the given parameters into the formula, we have;

$B=20(1+0.1)^1\\\\B=20(1.1)$

B = $22.

<u>To cents:</u>

B = $22 \times 100$

B = 2200 cents.

Read more on interest here: brainly.com/question/24341207

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nevsk [136]

Answer:

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Step-by-step explanation:

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