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Round the answer to the nearest cent.

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 May 1, 2018
 #1
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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.

 May 2, 2018

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