Stella deposited $6,000 at 5% simple interest. How long will it take her before she has $8,400 in her account?
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<u>Given</u>:
The given expression to find the nth term of the sequence is
The first term of the sequence is
We need to determine the third term of the sequence.
<u>Second term:</u>
The second term of the sequence can be determined by substituting n = 2 in the nth term of the sequence.
Thus, we have;
Thus, the second term of the sequence is -40.
<u>Third term:</u>
The third term of the sequence can be determined by substituting n = 3 in the nth term of the sequence.
Thus, we have;
Thus, the third term of the sequence is 120.