Answer:
first, u need to know the formula for compound interest, which is:
where A is the final amount
P- initial amount
r- percent compounded(interest)
and
n- number of years
so
we have
3.8/100 = 0.038
1+0.038 =1.038
1.038^4 = 1.160885573136
475 * 1.160885573136 = 551.4206472396
approximately $551.42
Answer:
see explanation
Step-by-step explanation:
The n th term of an arithmetic progression is
= a₁ + (n - 1)d
where a₁ is the first term and d the common difference
Given = 12 and
= 22, then
a₁ + 5d = 12 → (1)
a₁ + 7d = 22 → (2)
Subtract (1) from (2) term by term to eliminate a₁
2d = 10 ( divide both sides by 2 )
d = 5
Substitute d = 5 into (1) to find a₁
a₁ + 5(5) = 12
a₁ + 25 = 12 ( subtract 25 from both sides )
a₁ = - 13
Thus
= - 13 + 5 = - 8
= - 13 + 5(n - 1) = - 13 + 5n - 5 = 5n - 18 ← n th term