Answer:
The amount becomes $6964.53 after 3 years .
Step-by-step explanation:
Formula
Where P is the principle , r is the rate of interest in the decimal form and t is the time in the years .
As given
Earl invested 6,000 in a money market account that pays 5% interest quarterly for 3 years .
P = $6000
5% is written in the decimal form.
= 0.05
r = 0.05
t = 3 years
Putting all the values in the formula
Therefore the amount becomes $6964.53 after 3 years .
Answer:
y intercept at 5/2. Slope is 0
Step-by-step explanation:
The equation for a line can be represented by the formula y=mx+b. M is the slope or rate of change and b is the y intercept. Since the equation y=5/2 does not have an x in it the slope is 0 and you have a perfectly straight horizontal line. Since we are just left with 5/2 that is our y intercept.
In other words, no matter what value you plug in for x, y will always be 5/2.
Answer:
80%
Step-by-step explanation:
4000 / 5000 * 100 = 80%
Answer:
(a) 7 + 3( n - 1 )
(b) 1006
Step-by-step explanation:
ARITHMETIC SEQUENCE.
The number of term of an Arithmetic progression has the formular :
nth term = a + ( n - 1 ) d
a = 7
d = 10 - 7 = 3
nth term = 7 + ( n - 1 ) 3
= 7 + 3n - 3
= 7 + 3( n - 1 )
Therefore,
the nth term of the sequence
= 7 + 3( n - 1 )
(b) For the 1000th term
= 7 + 3 ( 1000-1 )
= 7 + ( 999 )
7 + 999 = 1006
Therefore,
the 1000th term = 1006