Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

INTEREST Kordell opened a savings account with $1200 that earns 14% simple
interest. Because simple interest is based on the principal deposit, the interest
rate means that he earns $12000.14 = $168 each year. The balance of the
account each year can be represented by an arithmetic sequence.
a. Write the balance of the account after each year as a sequence.
b. Write an equation to represent the sequence.
c. After how many years will Kordell have at least $4000 in his account?

Sagot :

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.