(add. write your answer as a fraction, as a whole or as a mixed number)
1 answer:
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Answer:
Step-by-step explanation:
Any time you have compounding more than once a year (which is annually), unless we are talking about compounding continuously, you will use the formula
Here's what we have:
The amount after a certain time that she has in the bank is 4672.12; that's A(t).
The interest rate in decimal form is .18; that's r.
The number of times the interest compounds is 12; that's n
and the time that the money is invested is 3.5 years; that's t.
Filling all that into the formula:
Simplifying it down a bit:
Raise 1.015 to the 42nd power to get
4672.12 = P(1.868847115) and divide to get P alone:
P = 2500.00
She invested $2500.00 initially.
Answer:
102.3
Step-by-step explanation:
a_38 = -5
difference d= -2.9
We use general formula
WE make the formula for a_38 th term
Plug in 38 for n
Now plug in -2.9 for d and -5 for a_38
Now add 107.3 on both sides
102.3 = a_1
option A is correct