Answer:
The total earned after 30 days is 465000.
Step-by-step explanation:
The amount of money that I'll recieve can be modelled as a arithmetic sequence in which the next element is related to the prior by a sum of a rate "q". This sequence can be seen below:
{1000, 2000, 3000, ...}
Where q = 1000. In order sum all the "n" terms on a sequence of this kind we can use the following formula:
Sn = (n/2)*(a1 + an)
And to find the term an, we can use the formula:
an = a0 + (n-1)*r
Where n is the position of the number we want to calculate, in this case 30, a0 is the first number on the sequence and r is the rate between consecutive numbers. So the 30th term is:
a30 = 1000 + (30 -1)*1000
a30 = 1000 + 29*1000
a30 = 1000 + 29000 = 30000
And the total obtained is:
s30 = (30/2)*(1000 + 30000) = (30/2)*(31000)
s30 = 930000/2 = 465000
The total earned after 30 days is 465000.
Answer:
51
Step by-step explanation:
Dimes are .10 each so how many ,10's are in 5.10?
Value of x = 19
(8x - 20) = (5x + 37)
3x = 57
x = 19
Answer:
FV= $8,739.38
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $6,100
Number of periods (n)= 12*12= 144
Interest rate (i)= 0.03/12= 0.0025
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 6,100*(1.0025^144)
FV= $8,739.38
