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m_a_m_a [10]
3 years ago
6

Dexter deposits $200 in a bank account that earns 3% simple intrest.How much money will he have in the account after 1 year

Mathematics
1 answer:
Elis [28]3 years ago
4 0

Answer:

$206

Step-by-step explanation:

The amount that would be in the account = amount deposited + interest earned on deposit

interest earned on deposit can be determined by determining the simple interest

Simple interest = principal x time x interest rate

principal = the amount deposited = $200

Time = the duration of the deposit = 1 year

interest rate = the percentage on deposit that would be earned = 3%

200 x 0.03 x 1 = $6

The amount that would be in the account = $200 + $6 = $206

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Determine 7th term in the geometric sequence whose first term is 5 and whose common ratio is 2.
blagie [28]
\bf n^{th}\textit{ term of a geometric sequence}
\\\\
a_n=a_1\cdot r^{n-1}\qquad 
\begin{cases}
n=n^{th}\ term\\
a_1=\textit{first term's value}\\
r=\textit{common ratio}\\
----------\\
a_1=5\\
r=2\\
n=7
\end{cases}
\\\\\\
a_7=5\cdot 2^{7-1}\implies a_7=5\cdot 2^6\implies a_7=320
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Answer:

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Step-by-step explanation:

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3 years ago
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nalin [4]

Answer:

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Step-by-step explanation:

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Answer:

Decrease in dollars is $555.00, $6845.00 was in his account at the end of last year.

Step-by-step explanation:

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