Does anyone know this
1 answer:
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The correct answer is B)
Writing the sequence numerically, we have 4, 7, 10, ...
This is an arithmetic sequence, since there is a constant, 3, added each time. This gives us the explicit formula
Using the distributive property, we have
Combining like terms, we have
Writing the sequence numerically, we have 4, 7, 10, ...
This is an arithmetic sequence, since there is a constant, 3, added each time. This gives us the explicit formula
Using the distributive property, we have
Combining like terms, we have
Answer:
Accumulated amount will be $2504.90.
Step-by-step explanation:
Formula that represents the accumulated amount after t years is
A =
Where A = Accumulated amount
= Initial amount
r = rate of interest
n = number of times initial amount compounded in a year
t = duration of investment in years
Now the values given in this question are
= $1000
n = 12
r = 4.6% = 0.046
t = 20 years
By putting values in the formula
A =
=
=
= 1000×2.50488
= 2504.88 ≈ $2504.90
Therefore, accumulated amount will be $2504.90.