Based on the simple interest amount he could be making, and the rate of investment, Tyrell's additional interest per month is $1,000.
<h3>How much is Tyrell paying in additional interest?</h3>
Assuming the additional interest that Tyrell is paying is x, the following formula can be used:
300 = (x × 2.5%) x 12 months
Solving gives:
300 = 0.025x × 12
0.025x = 300/12
x = 25 / 0.025
x = $1,000
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Answer:
This is the concept of geometric series. We are required to find the recursive formula for year n. Here we will use the formula;
nth=ar^(n-1)
where;
a=first term
r=common ratio
n=nth term
Thus
a=8.50
r=(8.85)/(8.50)=1.0412
thus the formula will be:
nth=8.50(1.0412)^n
Answer:
(a) 9
Step-by-step explanation:
substitute r = 4, t = 2
simplify
cubic of 2 is 8
simplify
Answer:
=72
Step-by-step explanation:
57+68+32+59+72=288
360-288=72
