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3 years ago

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Patriciodeposits $500 in the same account that pays a 1.5% simple interest he does not withdraw any money from the account any m

akes no other deposits how much money does Patricio happiness saving account after 5 years

1 answer:

olga nikolaevna [1]3 years ago

7 0

Answer: $537.5

Step-by-step explanation:

$500 at 1.5% for 5 years

p x r x t = i

500 x 0.015 x 5= 37.5

37.5+500=537.5

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Answer:

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Step-by-step explanation:

Arithmetic sequences have the following form

$a_n=a_1+d(n-1)$

Where

$a_1$ is the first term of the series

d is the common difference between consecutive terms.

$a_n$ is the nth term.

The formula to find the sum Sn of the first n terms of an arithmetic series is:

$S_n=\frac{a_1+a_n}{2}*n$

In this case $n=12$ , $d=3$ , $a_1=65$

$a_{12}=65+3(12-1)$

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Then:

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You can also find the sum through the following series

$S_n=\sum_{n=1}^{n=12}a_1+d(n-1)$

$S_n=\sum_{n=1}^{n=12}65+3(n-1)$

$S_n=\sum_{n=1}^{n=12}65+3(n-1)\\\\S_n=978$

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