Answer:
$7153.03
Step-by-step explanation:
To find the total amount after 3 years, we can use the formula for compound tax:
P = Po * (1+r/n)^(t*n)
where P is the final value, Po is the inicial value, r is the rate, t is the amount of time and n depends on how the tax is compounded (in this case, it is semi-annually, so n = 2)
For our problem, we have that Po = 5000, r = 12.3% = 0.123, t = 3 years and n = 2, then we can calculate P:
P = 5000 * (1 + 0.123/2)^(3*2)
P = 5000 * (1 + 0.0615)^6
P = $7153.029
Rounding to the nearest cent, we have P = $7153.03
Okay so first you have to subtract 17000 from 9200 to see how much money you have left to spend. Then once you get that number, which is 7800, you have to see what's that maximum number of acres that you can get. So you divide 7800 from 41.00 and you can get your answer. Your answer will be 190 acres. 190 acres is the highest you can go without going over budget.
Answer:
4
Step-by-step explanation:
2+2 is 4
The formula for obtaining the value of a term of a sequence is given as a
as a recursive formula.
Responses:
- The information as a sequence is; R1, 2·R1, 4·R1, 8·R1, 16·R1, ...
- The sequence of the information is a geometric sequence
<h3>How is the given information expressed as a sequence?</h3>
The amount of pocket money Smith gets = 2 × The amount he gets in the previous day
The amount Smith gets on the first day = R1
Required:
The given information expressed as a sequence.
Solution:
The amount of money smith gets can be expressed as follows;
Amount he gets on day 1 = R1
On day 2, R2 = 2·R1
On day 3, R3 = 2·R2 = 2·2·R1 = 4·R1
On day 4, R4 = 2·R3 = 2·2·2·R1 = 8·R1
On day 5, R5 = 2·R4 = 2·2·2·2··R1 = 16·R1
The information written as a sequence is therefore;
- R1, 2·R1, 4·R1, 8·R1, 16·R1, ...
- The type of sequence is a<u> geometric sequence, or progression</u> where the first term is R1, and the common ratio, r = 2
Learn more about geometric sequence here:
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