OpenStudy (anonymous):

in 2011 jane deposited $5000 in a fixed term deposit. if it increases in value by 4.5%pa, what will be the value in 2015. this is form sequence and series module please help not sure which formulae to use

5 years ago
OpenStudy (anonymous):

sorry can't help you with that... LOL

5 years ago
OpenStudy (anonymous):

ok

5 years ago
OpenStudy (anonymous):

5000*1.045^4 type that into a calculator

5 years ago
OpenStudy (anonymous):

then

5 years ago
OpenStudy (anonymous):

press enter

5 years ago
OpenStudy (anonymous):

did that got a huge number and

5 years ago
OpenStudy (anonymous):

then you misread my expression probably. You are taking 1.045 to the fourth power only, not 5000*1.045

5 years ago
OpenStudy (anonymous):

yeah got 5962.593003

5 years ago
OpenStudy (anonymous):

and there is your answer

5 years ago
OpenStudy (anonymous):

can you show me the steps to get here

5 years ago
OpenStudy (anonymous):

are going to help me

5 years ago
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