Step-by-step explanation:
Geometric series.
Month 3.
100(1+\frac{0.02}{12})^2 + 100(1+\frac{0.02}{12})+100
Month 4.
100( 1 + \frac{0.02}{12})^3 + 100( 1 + \frac{0.02}{12})^2+100(1+\frac{0.02}{12})+100
Month 5.
100(1 + \frac{0.02}{12})^4 + 100(1 + \frac{0.02}{12})^3 + 100(1 + \frac{0.02}{12})^2 +100( 1 + \frac{0.02}{12}) + 100
Answer:
$5.70
Step-by-step explanation:
→ Find the total amount they needed to pay
11.40 × 2 = 22.80
→ Divide the total by 4
22.80 ÷ 4 = $5.70
I believe they are about the similar in shape unless you have answers to them?