Mathematics, 22.03.2021 17:30 speedyblackmann

Riley invested $150 in an account paying an interest rate of 1 % compounded daily. Blake invested $150 in an account paying an interest rate
of 11% compounded continuously. After 5 years, how much more money
would Blake have in his account than Riley, to the nearest dollar?

Answers

Answer from: Quest

1/3

step-by-step explanation:

to find this, you can divide 12 by 4 which is 3 or you can multiply 4 until you reach 12 (4x3=12). both should give you 3, meaning theres three times less bananas than there are oranges.

Answer from: Quest

$a_1 = 1$ , and

$a_{n+1} = a_n + (n + 1)$ for $n \ge 1$

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote $a_1 = 1$ , $a_2 = 3$ , $a_3 = 6$ , so that we can call

1 the 1st term, 3 the 2nd term, 6 the 3rd term,etc.

note the following:

from the 1st term (1) to the 2nd term (3), we go up by 2,from the 2nd term (3) to the 3rd term (6), we go up by 3from the 3rd term (6) to the 4th term (10), we go up by 4, andfrom the 4th term (10) to the 5th term (15), we go up by 5.

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from $a_1 = 1$ , to get to $a_2 = 3$ , we add $2(=1+1)$

from $a_2 = 3$ , to get to $a_3 = 6$ , we add $3 (=2+1)$

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

$a_1 = 1$ , and $a_{n+1} = a_n +(n + 1)$ for $n \ge 1$

Answer from: Quest

Im not really sure if you add or something is that all it says

Answer from: Quest

It is standard formthe one u wrote

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Riley invested $150 in an account paying an interest rate of 1 % compounded daily. Blake invested $...