The geometric sequence is a sequence in which the proceeding number is equal to the preceeding number multiplied by a ratio. The expression that represents this sequence is an = a1*r^(n-1) where r is the ratio and n is an integer. This type of formula is exponential
x-intercept is 6, coordinates (6,0)
y-intercept -4, coordinates (0,-4)
gradient= y1-y2/x1-x2= 0-(-4)/6-0= 4/6= 2/3 or 0.667 (3.s.f.)
Answer:
133.33 years
Step-by-step explanation:
Given that:
Principal = $500
Interest rate (r) = 1.5% = 0.015
Triple amount of principal = $500 * 3 = $1500 = final amount (A)
Number of years (t) =?
Using the relation :
A = P(1 + rt)
1500 = 500(1 + 0.015t)
1500 / 500 = 1 + 0.015t
3 = 1 + 0.015t
3 - 1= 0.015t
2 = 0.015t
2 / 0.015 = 0.015t / 0.015
133.333 = t
133.33 years
