If $875 is put in the bank and each year the account carns 9% simple interest, then how much interest will be earned in
1 answer:
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Answer:
- 57
Step-by-step explanation:
The n th term of an arithmetic sequence is
= a + (n - 1)d
where a is the first term and d the common difference
Here a = 13 and d = - 2.5, thus
= 13 + (28 × - 2.5) = 13 - 70 = - 57
Answer:
$208.33
Step-by-step explanation:
Julie has to make the down payment which is 25% of $60000 after saving for 6 years.
Therefore, Julie has to save a total of dollars.
And Julie has to save it for the duration of 6 years i.e. (6 × 12) = 72 months.
Hence, Julie has to save dollars every month to make the down payment after 6 years. (Answer)