Estimate 4/5 times 1 8/9
1 answer:
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Answer:
= 10
Step-by-step explanation:
The n th term of a geometric sequence is
= a
where a is the first term and r the common ratio
Here a = 10 and r = 30 ÷ 10 = 3, thus
= 10
Answer:
$3098.93
Step-by-step explanation:
We can use the formula for compound growth to solve this. The formula is:
Where
F is the future value (the value at end of 14 years, our answer)
P is the initial amount invested ($1250)
r is the interest rate, in decimal (6.7% is 0.067)
t is the time in years (14, in our case)
<em>Plugging in all the information</em> we have:
The account will accrue $3098.93 after 14 years.