The answer is C. that is 67 percent of the original.
Answer:
B. $2862
Step-by-step explanation:
Using n=5 in the given equation, we get ...
A(5) = 2700 + (5-1)(.015·2700) = 2700 +4(40.50)
A(5) = 2862.00
In year 5, you will have $2862 in the account.
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<em>Comment on the given equation</em>
The given equation tells you the amount in the account at the <em>beginning</em> of the year, before it earns any interest. Since that is the equation given, we presume that is the answer desired. In most "account balance" problems, you are interested in the amount at the <em>end</em> of the interest-earning period.
The series is increasing by 8 each time.
So that means the complete series is:
1, 9, 17, 25, 33, 41, 49
Add the last 5 digits:
49 + 41 + 33 + 25 + 17 = 165
Answer:
165
Answer:
37
Step-by-step explanation:
Well you said the answer in your question