+0  
 
0
49
1
avatar+258 

Round the answer to the nearest cent.

Enter your answer in the box.

 

Hev123  May 1, 2018
Sort: 

1+0 Answers

 #1
avatar
0

Use Geometric Sequence formula:

 

S = F x [1 - R^N ] / [1 - R], where S=Sum, F= First term, R=Common ratio, N=Number of terms

S = 100 [1 - 1.02^8] / [1 - 1.02]

S = 100 [1 -  1.1716593810022656] / [- 0.02]

S = 100 [ - 0.1716593810022656 ] / [-0.02]

S = 100 x   8.58296905011328

S = $858.30 - what Evelyn will make in 8 weeks.

Guest May 2, 2018

7 Online Users

avatar
avatar
New Privacy Policy (May 2018)
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.  Privacy Policy