Answer:
The loan was for 9 months only
Step-by-step explanation:
In this question, we are concerned with calculating the time taken for a loan om an interest to be paid back
To calculate this, we use the simple interest formula
Mathematically;
I = PRT/100
where P is the principal which is the amount borrowed and that is $500 according to the question
R is the rate which is 8% according to the question
Interest can be calculated by subtracting the principal from the amount paid back = 530-500 = 30$
We now plug these values into the equation
30 = (500 × 8× T)/100
100 × 30 = 4000T
T = 3000/4000
T = 0.75 (same as 0.75 × 12 months = 9 months)
Given
- f(n) values for n=1,2,3,4
- possible candidates for the function
Solution:
Method: Evaluate some of the values, for each function. A function with ANY value not matching the given f(n) values will be rejected.
N=1, f(n)=4
f(1)=4-3(1-1)=4
f(1)=4+3^(1+1)=4+3^2=4+9=13 ≠ 4 [rejected]
f(1)=4(3^(n-1))=4(3^0)=4
f(1)=3(4^(n-1))=3(4^0)=3*1=3 [rejected]
N=2, f(n)=12
f(1)=4-3(2-1)=4-3(1)=1 ≠ 12 [rejected]
[rejected]
f(1)=4(3^(2-1)=4*3^1=4*3=12
[rejected]
Will need to check one more to be sure
N=3, f(n)=3
[rejected]
[rejected]
f(3)=4(3^(n-1))=4(3^(3-1))=4(3^2)=4*9=36 [Good]
[rejected]
Solution: f(n)=4(3^(n-1))