Let <em>S</em> denote the sum
We can condense this to sigma notation:
Expand the summand:
Recall the Faulhaber formulas,
So we have
F=Ir^t compound interest works just like exponential growth..
F=100(105/100)^2
F=$110.25
Let x be the initial deposited amount.
x + 10 will be the final amount
x + 10 = x(1.0003)
The initial amount will not be 0
x/x + 10/x = x(1.0003) / x
1 + 10/x = 1.0003
10/x = 0.0003
x = $33,333.33
You would need to deposit over $30,000
Answer:
The answer to the question provided is 7.
Step-by-step explanation:
[I apologize if the answer is inaccurate]
Answer: a.
Step-by-step explanation:
If there is a negative mark next to the whole fraction, that means both of the numbers are negative.
I am not sure if this answer is accurate. Please inform me if I am incorrect. TY.