The question can be answered using the exponent function. The function would look like:
an = a1 (r)^(n - 1)
where
a1= initial payment
r= ratio of increase
n= number of payment.
The sigma notation to determine the sum of
15 Σ = 150*1.3^(n-1)n = 1
Since the function ratio is 1.3 which was >1, the series will keep increasing so it would be divergent
Answer:
Owen can afford to keep and drive the car for 4 days.
Step-by-step explanation:
The total owing on the car rental is R(d) = ($77.25/day)d + ($0.12/mile)m ≤ $330. Substitute 1 for d (that is, the rental is for 1 day) and 175 for m:
R(d) = ($77.25/day)(d days) + ($0.12/mile)(175 miles) ≤ $330
= $77.25d + $21 ≤ $330
This simplifies to $77.25d + $21 ≤ $330, or
$77.25d ≤ $309
Solving this by dividing both sides of the above equation by $77.25, we get
d = ($309)/($77.25) = 4
Owen can afford to keep and drive the car for 4 days.
Assuming that these two months each have 30 days then you have 60 days total and you divide that by 360 which means 2 months is 0.16666667 years
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above