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2 years ago

13

Can someone help me figure out number 5 and determine what it’s sequence is and common ratio is if there is one

1 answer:

nadezda [96]2 years ago

6 0

Answer:

Well, it keeps going down in 15s, so I'm guessing it's a geometric sequence. I wouldn't know about common ratio though...

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2 years ago

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3 years ago

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3 years ago

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2 years ago

A bank credit card charges interest at the rate of 24% per year, compounded monthly. If a senior in college charges $1,500 to pa

pickupchik [31]

Answer: 1902.36

Step-by-step explanation:

When interest is compounded monthly , the formula to find the accumulated amount is

$A=P(1+\dfrac{r}{12})^{12t}$ , where P = principal value , r = rate of interest , t = time.

As per given,

r= 24% = 0.24

P= $1500

t= 1 year

Put all value in formula , we get

$A= 1500(1+\dfrac{0.24}{12})^{12\times 1}\\\\=1500(1+0.02)^{12}\\\\=1500(1.02)^{12}\\\\=1500(1.26824179456)\approx1902.36$

Hence, he need to pay $1902.36.

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2 years ago