Answer:
$6,506.51
Step-by-step explanation:
Recall that increasing an amount C in x% is equivalent to multiply it by (1+x/100)
As we have 4% APR, the monthly interest would be (4/12)% = 0.04/12
<u>Month 0</u> (first payment)
$250
Month 1

<u>Month 2</u>

<u>Month 3</u>

<u>Month 24 (2 years)</u>

The sum

is the sum of the first 24 terms of a geometric sequence with common ratio
which is

so, after 2 years the saving balance is
250*26.02603071 = 6,506.50767= $6,506.51 rounded to the nearest cent.
D; 1 and 6 are being added together first then divided by 7, so need the parentheses around 1 and 6
Answer:
A
Step-by-step explanation:
a geometric sequence is where we multiply a factor from element to element.
a1 = $900
a2 = 981 = a1 × f = 900 ×
a3 = 1069.29 = a2 × f = a1 × f × f = s1 × f²

so, now let's try and get f.
remember, 981 = 900 × f
f = 981/900 = 109/100 = 1.09
just to control, we check for s3 :
900 × (1.09)² = 900 × 1.1881 = 1069.29
correct.
so,
a13 = 900 × (1.09)¹² = 2,531.398304
s13 is then the sum of all a1, ..., a13
there is a nice formula for sums of finite sequences
s13 = 900 × (1-f¹³) / (1-f) = 900×(1-(1.09)¹³) / (1-1.09) =
= 900×(1-3.065804612) / (-0.09) =
= 900×(-2.065804612) / (-0.09) = 20,658.04612
.
Answer:
-6-0
____
6-5
Step-by-step explanation:
its suppose to be a fraction hope it helps please mark brainliest