Question

The future value of Elijah's certificate of deposit (CD), for the first five years, is represented by the sequence below. The applied interest is compound interest.

$517.50, $535.61, $554.36, $573.76, $593.84, ...

A. True
B. False

Answer 1

@Brill hello

Answer 2

Well take the second term, subtract it from the first, then take the 3rd term, subtract it from the 3rd, if the rate of change is different it is compound

Answer 3

Sorry, subtract 1st from 2nd and 2nd from 3rd

Answer 4

typo

Answer 5

Hi

Answer 6

1st from 2nd i got -18.11

Answer 7

2nd from 3rd i got -18.75

Answer 8

so true?

Answer 9

Yep :)

Answer 10

ty

Answer 11

It's always compund if there is a change in the rate of change