The future value (A) of a one-time investment of principal amount P at interest rate r compounded n times per year for t years is ...
... A = P(1 +r/n)^(nt)
Putting your given numbers into the formula, we have
... 876.34 = 300(1 +.06/4)^(4t)
Taking logarithms, this becomes the linear equation
... log(876.34) = log(300) + 4t·log(1.015)
Solving for t in the usual way, we get
... log(876.34) -log(300) = 4t·log(1.015) . . . . . . . subtract the constant term on the right
... (log(876.34) -log(300))/(4·log(1.015)) = t ≈ 18.00 . . . . divide by the coefficient of t
It will take <em>18 years</em> for the $300 CD to reach a value of $876.34.
Step-by-step explanation:
As we can see it is an isosceles triangle in which base angles are equal so
x = 72°< being base angles of isosceles triangle >
Sum of n terms of a geometric series is
Sn = a1 (r^n-1)/(r-1)
a1 = 1st term = 4
r = common ratio = 12/4 = 3
so, the sum is
Sn = 4 (3^n-1)/(3-1) = 2(3^n-1)
Answer: The sequence does not have common ratio.
Step-by-step explanation:
By definition, a sequence with a constant ratio (common ratio) between terms is called a "Geometric sequence". In order to find the common ratio, it is necessary to divide any term in the sequence by the previous term.
In this case, given the sequence:
We get:
Since the ratios between the terms are not constant, we can conclude that <em>the sequence does not have common ratio.</em>
