Answer:
Next term will be the 6th term i.e. a₆ will be:
Here:
Step-by-step explanation:
Given the sequence
First of all the terms of the sequence are in p/q form, where p is the numerator and q is the denominator.
As the fifth term of the sequence is:
a₅ = 11/8
From the given sequence it is clear that the numerator is changing by 3 units and the denominator is also changing by 3 units.
Thus,
The next term will be the 6th term i.e. a₆ will be:
Which TWO expressions are equivalent to<em> </em><em>(x - y) </em>2/3 - 3/4 <em>(y-x)</em>
5.95%
Bond 1:
I = 250(.05)5
I = $62.50
Bond 2:
62.5 = 350(3)r
62.5 = 1050r
r = 62.5/1050
r = 5.95%