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babunello [35]
3 years ago
8

Suppose you invest $7500 at an annual interest rate of 4.2% compounded continuously. How much will you have in the account after

2 years? Round the solution to the nearest dollar. Suppose you invest $500 at an annual interest rate of 7.1% compounded continuously. How much will you have in the account after 4 years? Round the solution to the nearest dollar..
Mathematics
1 answer:
tatyana61 [14]3 years ago
6 0
<span>Interest=principle x rate x time (in years)
so putting values so
Interest=7500 (.042)(2)
 so
 Interest=630 7500+630=8130
 Interest=500 (.071)(4)
Interest=142 500+142=64
hope it helps</span>
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The 21st term of the given arithmetic sequence is 83. The nth term of an arithmetic sequence is applied to find the required value where n = 21.

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The nth term of an arithmetic sequence is calculated by the formula

aₙ = a + (n - 1) · d

Here the first term is 'a' and the common difference is 'd'.

<h3>Calculation:</h3>

The given sequence is an arithmetic sequence.

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So, the first term in the sequence is a = 3 and the common difference between the terms of the given sequence is d = 7 - 3 = 4.

Thus, the required 21st term in the sequence is

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⇒ a₂₁  = 3 + 80

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