The 6 terms of the series are
... 15, 14, 13, 12, 11, 10
The sum of them is 75.
_____
You could make use of the formula for the sum of the terms, or you could work out the sum from the given expression. It is easier just to list the terms and and them up.
Answer:
139 ( D )
Step-by-step explanation:
Interest rate on loan = 4% = 0.04
Number of payments = 15
First 10 payments = 100 each
last 5 payments = 200 each
Calculating the value of K
K = [ ( 100 / 0.04 * ( 1-1 / 1.04^10 ) + 200/0.04 * ( 1-1 / (1 +0.04)^5)* 1 /1.04^10)
* 1.1 - 100 / 0.04 * ( 1-1 / (1+0.04)^5 ) - 200/0.04 * (1-1 /1.04^5) * 1/1.04^10)*0.04 / ( 1-1 / 1.04^5) * (1 + 0.04)^5
= 138.6051 ≈ 139
Answer:
Step-by-step explanation:
When converting mixed numbers (such as the one above), to improper fractions, we must first multiply the whole number by the denominator:
Then, add the numerator the the product:
Now, put the sum over the denominator to get your solution:
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To check your work, you can convert the improper fraction to a mixed number to make sure you will end up with .
Divide into :
with a remainder of
Put the remainder over the denominator:
Therefore, our solution is correct!