Answer:
$1480.24
Step-by-step explanation:
This will be solved by the formula:
Where
FV is the future value (what we are looking for)
I is the initial amount (which is $1000)
r is the rate of interest per period (8% is annual interest, but the period is SEMI-ANNUAL, that's 6 months, half of yearly. So r would be half of 8%, which is 4% or r = 0.04)
t is the times compounding occurs in the whole time (The whole time period is 5 years, but compounding occurs semi-annually, so 5*2 = 10 times. Thus, t = 10)
<em>plugging the info into the formula we will get our answer.</em>
<em>
</em>
Answer:
b
Step-by-step explanation:
just took it i got 100%
Answer:
I do not know if there is this worksheet online which comes with answers, but you can post questions here on brainly, and I can help you clarify them!!
:>>
Answer:
740
Step-by-step explanation:
The n th term of an arithmetic series is
= a₁ + (n - 1)d
where a₁ is the first term and d the common difference
Given a₃ = 7 and a₇ = (3 × 7) + 2 = 21 + 2 = 23 , then
a₁ + 2d = 7 → (1)
a₁ + 6d = 23 → (2)
Subtract (1) from (2) term by term
4d = 16 ( divide both sides by 4 )
d = 4
Substitute d = 4 into (1)
a₁ + 2(4) = 7
a₁ + 8 = 7 ( subtract 8 from both sides )
a₁ = - 1
The sum to n terms of an arithmetic series is
= 
[ 2a₁ + (n - 1)d ] , thus
= 
[ (2 × - 1) + (19 × 4) ]
= 10(- 2 + 76) = 10 × 74 = 740
