No, it is not a solution, as 15 is not less-than fifteen.<span />
Answer:
a₆ ≈ 25.284
Step-by-step explanation:
There is a common ratio between consecutive terms , that is
8 ÷ 6 = 
÷ 8 = 
This indicates the sequence is geometric with nth term
= a₁ 
where a₁ is the first term and r the common ratio
Here a₁ = 6 and r = , then
a₆ = 6 × 
= 6 × 
= 
≈ 25.284 ( to the nearest thousandth )
Answer: 2.01%.
Step-by-step explanation:
Suppose Alex invests $1 into the account for one year. The formula is A=P0⋅(1+rk)N⋅k with P0=$1. We know that r=0.02 and k=2 compounding periods per year. Now, N=1 year. Substituting the values we have A=$1⋅(1+0.022)2=$1.0201. Now, to calculate the effective annual yield, we will use the formula rEFF=A−P0P0. rEFF=1.0201−11=0.0201 or 2.01%. When rounded to two decimals, rEFF=2.01%. However, do not include the % in your answer.
