Answer:
12 MULTIPLY AALL THE NO.'S
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
Bank A
substitute in the formula above
Bank B
substitute in the formula above
Bank C
substitute in the formula above
Find the average interest gained from the three accounts in one year
You can try to show this by induction:
• According to the given closed form, we have
, which agrees with the initial value <em>S</em>₁ = 1.
• Assume the closed form is correct for all <em>n</em> up to <em>n</em> = <em>k</em>. In particular, we assume

and

We want to then use this assumption to show the closed form is correct for <em>n</em> = <em>k</em> + 1, or

From the given recurrence, we know

so that






which is what we needed. QED
Cherry sales as a % of total sales = (0.5 x 1.2)/(0.5 x 1.2 + 0.2 x 1.4 + 0.3 x 1.6) = 0.6 / (0.6 + 0.28 + 0.48) = 0.6 / 1.36 = 0.4412 = 44.12%
Therefore, 44.12% of the total sales will be cherry.