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DochEvi [55]
2 years ago
13

Calculate the simple interest on a loan of $3500 for a period of 6 months at a yearly rate of 5%. (10 POINTS!!)​

Mathematics
1 answer:
ser-zykov [4K]2 years ago
5 0

Answer:

$3,799.20

Step-by-step explanation:

We presume your formula is intended to be ...

M = Pm(1 + m)^(na)/((1 + m)^(na) - 1)

where M is the monthly payment, m is the monthly interest rate, n is 12, and a is the number of years.

This formula gives written below:

M = 3500·(.08/12)·(1 + (.08/12))^(12·2)/((1 + (.08/12))^(12·2) -1) ≈ 158.30

The total payback will be the sum of 24 of these payments is written below;

payback = 24×$158.30 = $3,799.20

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Find the oth term of the geometric sequence 7, 14, 28, ...
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Answer:

The nth term of the geometric sequence 7, 14, 28, ... is:

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Step-by-step explanation:

Given the geometric sequence

7, 14, 28, ...

We know that a geometric sequence has a constant ratio 'r' and is defined by

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The ratio of all the adjacent terms is the same and equal to

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now substituting r = 2 and a₁ = 7 in the nth term

a_n=a_1\cdot r^{n-1}

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Therefore, the nth term of the geometric sequence 7, 14, 28, ... is:

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Step-by-step explanation:

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