Answer:
What’s the question?
Step-by-step explanation:
Here is the formula that your going to need to use A=P(1+r/n)^nt
So P=500, R=0.082, N=1, T=15
Plug it into your equation and you have A=500(1+0.082/1)^(1)(15)
Simplify what's in the parenthesis A=500(1.082)^(1)(15)
Multiply your exponents A=500(1.082)^15 Then A=500(3.26)
Finally you multiply your last two numbers to get A=1,630
So after 15 years you would have $1,630
I hope this helped you :)
Answer:
1) 0.5
2)-2
3)-23
Step-by-step explanation:
1) -3×1=-3
-3+2.5= 0.5
2) -3×1.5=-4.5
-4.5+2.5= -2
3) -3×8.5=-25.5
-25.5+2.5=-23
1.)
Between year 0 and year 1, we went from $50 to $55.
$55/$50 = 1.1
The price increased by 10% from year 0 to year 1.
Between year 2 and year 1, we went from $55 to $60.50.
$60.50/$55 = 1.1
The price also increased by 10% from year 1 to year 2. If we investigate this for each year, we will see that the price increases consistently by 10% every year.
The sequence can be written as an = 50·(1.1)ⁿ
2.) To determine the price in year 6, we can use the sequence formula we established already.
a6 = 50·(1.1)⁶ = $88.58
The price of the tickets in year 6 will be $88.58.
