The percentage change is 20
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The formula for obtaining the value of a term of a sequence is given as a
as a recursive formula.
Responses:
- The information as a sequence is; R1, 2·R1, 4·R1, 8·R1, 16·R1, ...
- The sequence of the information is a geometric sequence
<h3>How is the given information expressed as a sequence?</h3>
The amount of pocket money Smith gets = 2 × The amount he gets in the previous day
The amount Smith gets on the first day = R1
Required:
The given information expressed as a sequence.
Solution:
The amount of money smith gets can be expressed as follows;
Amount he gets on day 1 = R1
On day 2, R2 = 2·R1
On day 3, R3 = 2·R2 = 2·2·R1 = 4·R1
On day 4, R4 = 2·R3 = 2·2·2·R1 = 8·R1
On day 5, R5 = 2·R4 = 2·2·2·2··R1 = 16·R1
The information written as a sequence is therefore;
- R1, 2·R1, 4·R1, 8·R1, 16·R1, ...
- The type of sequence is a<u> geometric sequence, or progression</u> where the first term is R1, and the common ratio, r = 2
Learn more about geometric sequence here:
brainly.com/question/4289731
brainly.com/question/1532378
Using simple interest, we have that:
A) The interest due after 8 months is $11,272.33.
B) The total value of the investment will be of $189,986.24.
The amount of interest earning using <em>simple interest</em>, after <u>t years</u>, with an <u>yearly interest rate of i</u> and an <u>initial investment of P</u> is given by:

In this problem:
- Deposit of $178,000, hence
. - Interest rate of 9.5% per year, hence
. - 8 months, the time is in years, hence

Item a:


The interest due after 8 months is $11,272.33.
Item b:
For the second interest, we consider
, hence:


The total value will be composed by:
- The initial deposit of $178,000.
- The first interest of $11,272.33.
- The second interest of $713,91.
Hence, it will be:

The total value of the investment will be of $189,986.24.
A similar problem is given at brainly.com/question/13176347