Math physics problem...show the work with steps.
principal = $1000
rate = 10% = 0.1
time = 30 years
n = 1
amount = principal(1 +r/n)^nt
amount = 1000(1 + 0.1)^30 = 1000(1.1)^30
amount = $17449.402
2.
principal = Po
rate = q
time = 1
amount after 1 year = Po(1+q)
after 1st year
principal = Po + Po(1+q)
rate = q
time = 1
amount after 2 years = [Po + Po(1+q)](1+q)
= Po(1+q) + Po(1+q)^2
amount after n years = Po(1+q) +
P0(1+q)^2+......+Po(1+q)^n
the sequence is in gp
with a = P0(1+q) and r = 1+q
Sn = a(r^(n+1) -1)/r-1
Sn = Po(1+q)((1+q)^(n+1) - 1)/q
amount after n years = Po(1+q)((1+q)^(n+1) - 1)/q
Math physics problem...show the work with steps. If you have $ 1000 at 10 % interest...
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