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Gnesinka [82]
3 years ago
15

Charle deposits $4000 into an account that pays simple interest at a rate of 2% per yearHow much interest will he be paid in the

first 6 years?
Mathematics
2 answers:
kakasveta [241]3 years ago
6 0

Answer:

TOTAL MONEY:4,480

INTEREST PAID:480

(there is a difference between them if you look closely)

Hope this helps :)

rusak2 [61]3 years ago
5 0

Answer:

A = $4,480.00

Step-by-step explanation:

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year.

Solving our equation:

A = 4000(1 + (0.02 × 6)) = 4480

A = $4,480.00

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2. geometric sequences: the ratio of consecutive terms is the same, example: 2,4,8,16, ratio is 4:2=2:1, 2/1=2


the nth term is denoted by a_{n}
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for arythmetic sequences, the nth tem is
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for geometric sequences the nth term is
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