Answer:
$220.18
Step-by-step explanation:
The amount A(n) accrued for P dollars saved at r% annual interest for a period of n years compounded k times is derived using the formula:
In Jayden's case:
- A(n)=$400
- r=12%=0.12
- n=5 years
- k=12 Months
We want to determine the amount Jayden put in the savings account.
Jayden earned $220.18 from doing odd jobs.
To solve this problem, we need to know the formula for the nth term of an arithmetic sequence. The formula is
= t₁ + (n-1)d, with
being the nth term, t₁ being the first term, and d being the distance between terms. Now we can substitute values to figure out what
is. When substituting, the equation becomes:
= 12 + 29(-6)
= -162
That means that the 30th term in this arithmetic sequence is
-162.
Answer:
okay
Step-by-step explanation:
