Step-by-step explanation:
look at the photo...............
Answer: x = 35/13
Step-by-step explanation:
The equation for this is:
F = P(1+i)ⁿ
where
F is the present accounts balance
P is the initial deposit
i is the interest rate
n is the number of months
The interest rate is nominal which is 2.9% per year compounded monthly. Since there are 12 months in a year, that is equal to an effective interest rate of 0.24167% per month compounded monthly (i = 0.0024167). In 9 years, there are a total of 108 months, so n=108.
<span>$2033.88 = P(1+0.0024167)</span>¹⁰⁸
P = $1567.147
Answer:
72.3
Step-by-step explanation:
Given that:
The arithmetic sequence:

The first term of the sequence
= 3 since k = 0
i.e (3 + 0.26(0)) = 3
The last term of the sequence
= 6.64
i.e (3+ 0.26(14)
= (3 + 3.64)
= 6.64
Total no of terms = 15 i.e from 0 to 14
∴
The partial sum of the arithmetic sequence = 

= 72.3