A. Expanding the given expression, you have
balance = 75r^2 +150r +75
B. For r=0.10, the balance after 2 years is 75*1.1^2 = 90.75
C. The difference between $120 and 90.75 is $29.25. You need $29.25 more to buy the bicycle.
Answer:
a7 = 36
Step-by-step explanation:
Here, we are to use the recursive formula to calculate the 7th term( we add the preceding term to 4 so as to get the succeeding term)
a1 = 12
using the recursive formula given in the question
a2 = 12 + 4 = 16
a3 = 16 + 4 = 20
a4 = 20 + 4 = 24
a5 = 24 + 4 = 28
a6 = 28 + 4 = 32
a7 = 32 + 4 = 36
Answer: 0.000007638035
Step-by-step explanation:
We can use the formula for compound interest to solve this.
Now, the formula goes thus:
A = P ( 1 + r/n)^nt
Where A is the amount compounded, P is the initial amount I.e the principal, r is the rate in % , t is the time while n is the number of times the interest is compounded per time I.e how many times per year.
From the question, we get the following parameters, A = $1912.41 , P = ? , t = 15 years, r = 2.63% and n = 1 of course.
Now, we substitute these into the formula
1912.41 = P ( 1 + 2.63) ^ 15
1912.41 = P ( 3.63) ^ 15
1912.41 = P ( 250,379,850)
P = 1912.41 ÷ 250,379,850
P = 0.000007638035
Looks pretty funny an answer right?
A and D that’s the answer
