Question
Anita borrows some money at a fixed rate of simple interest. The amount she owes at the end of each of the first five years
Anita borrows some money at a fixed rate of simple interest. The amount she owes at the end of each of the first five years is shown below.
a) How much did Anita borrow?
b) State the total amount as the general term of a sequence.
c) How much time will have passed before Anita owes $7500?
Year 1: $2081.25
Year 2: $2312.50
Year 3 $2543.75
Year 4 $2775.00
Year 5 $3006.25
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Makers And Takers The Rise Of Finance And The Fall Of American Business
Authors: Rana Foroohar
1st Edition
0553447238, 978-0553447231
