Answer:
11.4 years
Step-by-step explanation:
We assume you want to know the time it takes for Lucy's investment of $1200 to have a value of $6400. The compound interest formula is good for finding that.
FV = P(1 +r/n)^(nt)
for principal P invested at rate r per year for t years, compounded n times per year. We want to find t such that ...
6400 = 1200(1 +0.15/4)^(4t)
16/3 = 1.0375^(4t) . . . . divide by 1200
log(16/3) = 4t·log(1.0375) . . . . take logarithms
t = log(16/3)/(4·log(1.0375)) ≈ 11.4
It will take about 11.4 years for Lucy's investment value to be $6400.
Step-by-step explanation:
Geometric Sequence formula for general term:
an = a1(r^n-1)
a1 = 4 × (-5)^1-1
a1 = 4
r = -5
Summation formula for geometric sequence :
Sn = a1 ( 1 - r^n / 1 - r )
...<em>take n from the top of the summation.</em>
= 4 ( 1 -(-5)^6 / 1 -(-5)
= -10416.
Answer:
its fifteen fiths
Step-by-step explanation:
Answer:
4 packs of invitations and 2 packs of napkins.
Step-by-step explanation:
