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Vedmedyk [2.9K]
2 years ago
6

If $180 is invested at an interest rate of 7% per year and is compounded weekly, how

Mathematics
1 answer:
Rufina [12.5K]2 years ago
3 0

Answer:

$405.4

Step-by-step explanation:

A= P(1+\frac{r}{100}) ^{n}

-->180*(1+7/100)^12

-->$405.4

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Answer:

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Step-by-step explanation:

The given expression is in the form of the explicit formula of a geometric sequence.

f(n) = a(r)^{n-1}

Where 'a' = First term of the sequence

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Recursive formula of a geometric sequence is,

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a(n) = (-2)(a_{n-1})

Where, a_{1}=5

So the recursive formula will be a(n) = (-2)(a_{n-1})

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