Solve for x. (x - 4)(x - 4) = 0 a.-16 b. -4 c. 4 d. 16
2 answers:
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<h3>The monthly payment is $242.44 for loan to paid off in 3 years.</h3>
Step-by-step explanation:
The amount borrowed = Principal = $8000
The rate of interest = 7.2%
Time (T) = 3 years
Now, Simple Interest =
So, the total interest = $1728
Now, <u>Amount to be paid = Principal + Interest</u>
⇒ A = $8000 + $1728 = $8728
Also, 1 year = 12 months
⇒ 3 years = 3 x 12 months = 36 months
So, total amount to be paid in 36 months is $8728.
⇒The amount to be paid in 1 month is
Hence, the monthly payment is $242.44 if loan is to paid off in 3 years.
The correct answer is C) t₁ = 375, 
.
From the general form,
, we must work backward to find t₁.
The general form is derived from the explicit form, which is
. We can see that r = 5; 5 has the exponent, so that is what is multiplied by every time. This gives us
Using the products of exponents, we can "split up" the exponent:
We know that 5⁻¹ = 1/5, so this gives us
Comparing this to our general form, we see that
Multiplying by 5 on both sides, we get that
t₁ = 75*5 = 375
The recursive formula for a geometric sequence is given by
, while we must state what t₁ is; this gives us
From the general form,
The general form is derived from the explicit form, which is
Using the products of exponents, we can "split up" the exponent:
We know that 5⁻¹ = 1/5, so this gives us
Comparing this to our general form, we see that
Multiplying by 5 on both sides, we get that
t₁ = 75*5 = 375
The recursive formula for a geometric sequence is given by