Use the geometric sequence formula to solve for rate:
an=a1r^(n-1)
6.75=4.5r^(2-1)
6.75=4.5r
6.75/4.5=r
r= 1.5
and if you want to make sure just multiply each number by 1.5 and see if it gets you the next number
4.5 4.5×1.5=6.75 (holds true)
6.75 6.75×1.5=10.125 (holds true)
10.125 10.125×1.5=15.1875 (holds true)
15.1875
1.5 is the multiplicatice rate hope that helps :)
Tricia should take the money that she already has saved no matter how little it is and split it evenly between savings and emergency needs
Answer:
Option C. $6,012
Step-by-step explanation:
we know that
The formula to calculate the depreciated value is equal to

where
V is the the depreciated value
P is the original value
r is the rate of depreciation in decimal
t is Number of Time Periods
in this problem we have
t = 7 years
P = $8,000
r = 0.04
substitute in the formula above

Hope this helps :)