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Kazeer [188]
3 years ago
10

If you deposit P dollars in a savings account and earn compound interest of r% the value of your deposit after t years in the ac

count can be found using the expression P(1+0.04)t. Find the value of $500 after 7 years in a savings account at 4% interest

Mathematics
2 answers:
bagirrra123 [75]3 years ago
4 0
You practically answered this one yourself by giving some of the equation we need already filled in. It would look like this: A(t)=500(1.04)^7.  Start by taking 1.04 to the power of 7 to get A(t)=500(1.3159).  Finish by multiplying to get
A(t)=$657.97
horrorfan [7]3 years ago
3 0

Answer: the correct answer is

Step-by-step explanation:

i took the test

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KonstantinChe [14]

The pattern is formed a geometric sequence

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Step-by-step explanation:

The formula of the nth term of a geometric sequence is:

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∵ The pattern is 3 , 9 , 27 , 81 , 243

∵ 9 ÷ 3 = 3

∵ 27 ÷ 9 = 3

∵ 81 ÷ 27 = 3

∵ 243 ÷ 81 = 3

- There is a common ratio 3 between each two consecutive terms

∴ The pattern is formed a geometric sequence

∵ The first term is 3

∴ a = 3

∵ The common ratio is 3

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∴ a_{n}=3(3)^{n-1}

- Remember we add the powers of the same base with multiplication

∵ 3 × 3^{n-1} = 3^{1+n-1}

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∴ a_{n}=3^{n}

∴ The nth term of the sequence is  a_{n}=3^{n}

Learn more:

You can learn more about the sequences in brainly.com/question/1522572

#LearnwithBrainly

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