The sequence is not arithmetic
Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
17. Because 7 plus 4 equals 11 and if you add 6 you get 17
Answer:
15
Step-by-step explanation:
Add the total of miles Marisa is going to drive; 200 + 220 = 420
Next, divide the total miles by the average miles Marisa can travel on one gallon of gas; 420 / 28 = 15
(Hope this helps!)
