CharlytteU162390 CharlytteU162390
  • 25-10-2022
  • Mathematics
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Which of the following is the explicit formula for a compound interestgeometric sequence?

Which of the following is the explicit formula for a compound interestgeometric sequence class=

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JerraX363971 JerraX363971
  • 25-10-2022

INFORMATION:

We have the following options

And we must select the one that represents the explicit formula for a compound interest geometric sequence

STEP BY STEP EXPLANATION:

To select the correct one, we need to know that:

[tex]P_n=P_1(1+i)^{(n-1)}[/tex]

Finally, the correct one would be option A

ANSWER:

[tex]A.\text{ }P_n=P_1\cdot(1+i)^{n-1}[/tex]

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