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3 years ago

Explain how to find simple interest

Mathematics

2 answers:

tiny-mole [99]3 years ago

8 0

Answer:

Step-by-step explanation:

1. Simple interest is calculated by multiplying the daily interest rate by the principal, by the number of days that elapse between payments.

2.Simple interest benefits consumers who pay their loans on time or early each month.

3.Auto loans and short-term personal loans are usually simple interest loans.

mr_godi [17]3 years ago

7 0

Answer:

Simple interest is calculated by multiplying the daily interest rate by the principal, by the number of days that elapse between payments.

Step-by-step explanation:

Principal x rate x time = interest.

$100 x .05 x 1 = $5 simple interest for one year.

$100 x .05 x 3 = $15 simple interest for three years.

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Calculate, to four decimal places, the first ten terms of the sequence. an = 1 +(−4/9)^n

Lemur [1.5K]

The first ten terms of the sequence $a_n=1 + (-\frac{4}{9} )^n$ is<em> 0.5556, 1.1975, 0.9122, 1.039, 0.9827, 1.0077, 0.9966, 1.0015, 0.9993 and 1.0003</em>

<h3>What is an equation?</h3>

An equation is an expression that shows the relationship between two or more variables and numbers.

Given that:

$a_n=1 + (-\frac{4}{9} )^n\\\\When\ n=1:a_1=1 + (-\frac{4}{9} )^1=0.5556\\\\When\ n=2:a_2=1 + (-\frac{4}{9} )^2=1.1975\\\\When\ n=3:a_3=1 + (-\frac{4}{9} )^3=0.9122\\\\When\ n=4:a_4=1 + (-\frac{4}{9} )^4=1.039\\\\When\ n=5:a_5=1 + (-\frac{4}{9} )^5=0.9827\\\\When\ n=6:a_6=1 + (-\frac{4}{9} )^6=1.0077\\\\When\ n=7:a_7=1 + (-\frac{4}{9} )^7=0.9966\\\\When\ n=8:a_8=1 + (-\frac{4}{9} )^8=1.0015\\\\When\ n=9:a_9=1 + (-\frac{4}{9} )^9=0.9993\\\\$

$When\ n=10:a_{10}=1 + (-\frac{4}{9} )^{10}=1.0003\\$

The first ten terms of the sequence $a_n=1 + (-\frac{4}{9} )^n$ is<em> 0.5556, 1.1975, 0.9122, 1.039, 0.9827, 1.0077, 0.9966, 1.0015, 0.9993 and 1.0003</em>

Find out more on equation at: brainly.com/question/2972832

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2 years ago

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