Find the approximate value of:
55[1 + (1.035) + (1.035)^2 + ...] to 12 terms
a = 1 , r = 1.035 , n = 12
Sn = a(1-r^n)/1-r^n
=1-1.035^12/(1-1.035) x 55
=803....
but answer is 867 3/7
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similar qn
55[1+ (1.035)^-1 + (1.035)^-2 + ...] to 12 terms
a = 1
n=12
r = 1/1.035
i get 550....
answer 565
thanks bye
55[1 + (1.035) + (1.035)^2 + ...] to 12 terms
a = 1 , r = 1.035 , n = 12
Sn = a(1-r^n)/1-r^n
=1-1.035^12/(1-1.035) x 55
=803....
but answer is 867 3/7
------------------------------------------------------------------
similar qn
55[1+ (1.035)^-1 + (1.035)^-2 + ...] to 12 terms
a = 1
n=12
r = 1/1.035
i get 550....
answer 565
thanks bye