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Vladimir79 [104]
2 years ago
6

Ricky spends $103. 19 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Ricky had b

een able to save this money for one year and then put it into a savings account earning 3.1% simple interest, how much money could he have in savings after two more years?
a $1,238.28
b. $1,276.67
c. $1,315.06
d. $2,476.56
Mathematics
1 answer:
erastova [34]2 years ago
5 0

Answer:

C. 1,315.06

Step-by-step explanation:

................

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6 0
1 year ago
10) please help<br> I don't understand this question at all
malfutka [58]
We can determine this to be a Geometric Sequence with:

a = 2
r = 1/2
an = ?

We must first find an. We know that an = 1/256, therefore we can use this formula to discover an:

an = a * r^n-1
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10 = n

Therefore, we know an = 10

Now we input it into this equation and solve:

Sn = a(1-r^n/1-<span>r)
</span>Sn = 2(1-1/2^10/1-1/2<span>)
</span>Sn = 2(1023/1024 / 1 / 2)
Sn = 2(1023/1024 * 2 / 1)
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Geez, that took awhile... xD




3 0
3 years ago
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