Answer: The answer is 100,
Step-by-step explanation:
You would get 10$ for the first week, 20 for the second week, 30 for the third week, and 40 for the fourth week. If you add that up all together you get 100$
Answer:
372
There are already 3 terms. So, now you have to find the 30th term.
The difference of 30 - 3 is 27. Now, since you add 9 for every term, multiply it by 27.
27 x 9 = 243.
The third term is 29. So you add 29.
Your answer will be 372. Hope it helps.
Answer:
x
≥
19
/6
Step-by-step explanation:
Isolate the variable by dividing each side by factors that don't contain the variable.
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
