If you know that 5*6=30 then you know that the answer will be more than 30. So now you have to just add 6 to the number 30 three more times to get the answer that 8*6=48
Answer:
B. $2862
Step-by-step explanation:
Using n=5 in the given equation, we get ...
A(5) = 2700 + (5-1)(.015·2700) = 2700 +4(40.50)
A(5) = 2862.00
In year 5, you will have $2862 in the account.
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<em>Comment on the given equation</em>
The given equation tells you the amount in the account at the <em>beginning</em> of the year, before it earns any interest. Since that is the equation given, we presume that is the answer desired. In most "account balance" problems, you are interested in the amount at the <em>end</em> of the interest-earning period.
Answer = £6911
Compound interest of 5% means multiplying by 1.05 each year.
Let’s call the missing value x
To find x, we need to do:
(X) * 1.05 * 1.05 * 1.05 = 8000
So, to find x, divide 8000 by 1.05^3
1/3 + 2/5 • 2/3
2 • 2 = 4
5 • 3 = 15
1/3 = 5/15
5/15 + 4/15 = 9/15 = 3/5
1/3 + 2/5 • 2/3 = 3/5
Sample Response: There is a common ratio of 2/3 between the height of the ball at each bounce. So, the bounce heights form a geometric sequence: 27, 18, 12. Two-thirds of 12 is 8, so on the fourth bounce, the ball will reach a height of 8 feet.
