The answer is D. The sequence continues without end, and there is a common ratio between the consecutive terms.
From the definition of an infinite geometric sequence, An infinite geometric series is the sum of an infinite geometric sequence . This series would have no last term.
The amount of money borrowed is $ H
Time for borrowing is 25 years
Amount paid per month M
Amount paid per year 12M
Interest rate paid=I
Let the payment method be simple interest method, then:
I=(PRT)/100
plugging in our values we have:
I=(H×R×M)/100
hence:
I=HRM/100
This started out to be an interesting, fun, and challenging question.
What I <em><u>thought</u></em> you were going to ask was "If I give you 3 points,
find the equation of the circle that goes through all 3 of them".
That can actually be solved. I used to be able to do it, and when
your question started out, I began to salivate, and I started to look
forward to discovering whether I could still figure out how to do it.
But then your question fizzled out. All you did was ask "Which statement
is true ?" ... and then not give any statements to choose from !
What kind of a question is that ? ! ?
What a disappointment.
Answer = .28
Explained
7/25
Divide 7 by 25 = .28
Hint: the slash between the 7 and 25 (numerator and denominator) is a division sign
(FIRST COMBINATION)
2 quarters & a dime = 60% of a dollar
(SECOND COMBINATION)
4 nickels & 4 dimes = 60% of a dollar