This is a geometric sequence of the form:
a(n)=ar^(n-1) in this case a=150, r=1.1
a(n)=150(1.1)^(n-1) August is the eighth month so
a(8)=150(1.1)^7
a(8)=292.307565
So you deposited $292.31 (to the nearest cent) in August.
Answer:
3/52528
Step-by-step explanation:
answer for this question is 1/16
Answer:
z = 1/2 or 0.5
Step-by-step explanation:
13 - 3z = 15z + 4
+3z +3z
13 = 18z + 4
-4 -4
9 = 18z
z = 9/18
z = 1/2 or 0.5
Answer:
Amount= $2933.2
Step-by-step explanation:
The interest of $2,500 principal earning with rate of 4%, compounded quarterly, after 4 years
A= p(1+r/n)^(nt)
P= $2500
r= 4/100= 0.04
t= 4
n = 4*4= 16
A= 2500(1+0.04/16)^(16*4)
A= 2500(1+0.0025)^(64)
A= 2500(1.0025)^64
A= 2500(1.17328)
A= 2933.2
Amount= $2933.2
