Common ratio

If 200 units of a commodity are consumed in a first year, and if the annual rate of increase in consumption is 5%

(a) what amount is consumed in the 8th year;
(b) in the first 15 years?

Correct result:

a8 =  281.4201
s15 =  4315.7127

Solution:

a1=200 q=5%=1+5100=1.05  a8=a1 q81=200 1.0581=281.4201
s15=a1 q151q1=200 1.051511.051=4315.7127



We would be pleased if you find an error in the word problem, spelling mistakes, or inaccuracies and send it to us. Thank you!






Showing 0 comments:
avatar




Tips to related online calculators
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

Next similar math problems:

  • Exponential decay
    exponentialFexsDecay A tank contains 55 liters of water. Water is flowing out at the rate of 7% per minute. How long does it take to drain the tank?
  • Savings
    bankovka The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua
  • Volume of wood
    wood Every year, at the same time, an increase in the volume of wood in the forest is measured. The increase is regularly p% compared to the previous year. If in 10 years the volume of wood has increased by 10%, what is the number p?
  • Loan
    loan Apply for a $ 59000 loan, the loan repayment period is 8 years, the interest rate 7%. How much should I pay for every month (or every year if paid yearly). Example is for practise geometric progression and/or periodic payment for an annuity.
  • Precious metals
    gold_3 In 2006-2009, the value of precious metals changed rapidly. The data in the following table represent the total rate of return (in percentage) for platinum, gold, an silver from 2006 through 2009: Year Platinum Gold Silver 2009 62.7 25.0 56.8 2008 -41.3 4
  • Profit growth
    growth The profit of a company increased by 25% during the year 1992, increased by 40% during the year 1993, decreased by 20% in the year 1994 and increased by 10% during the year 1995. Find the average growth in the profit level over the four years periods?
  • Compound interest
    bank_3 Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years?
  • Present value
    exp_growth A bank loans a family $90,000 at 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over a 15 year period. How much should the monthly payment be in order to pay off the debt in 15 years?
  • Inflation
    tsar Once upon a time, tsar owned a money printer and printed and printed. The result of printing money prices went up,in the first year 3.9 %, in the second 6%, in the third 4.7% and in the fourth 5.5%. Then tsar was failed in election. Calculate the average
  • Wood in the forest
    drevo The amount of wood in the forest was estimated at 6000 m3. How much wood will be in forest after 2 years if the annual growth of wood is 2.5% each year and logging 30 m3 each year?
  • The crime
    crime The crime rate of a certain city is increasing by exactly 7% each year. If there were 600 crimes in the year 1990 and the crime rate remains constant each year, determine the approximate number of crimes in the year 2025.
  • Retirement annuity
    bankovka How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first 10 years, and $3000 per month for the next 15 years? Assume that the payment represent a rate of return to the person receiving th
  • Computer revolution
    Intel386 When we started playing with computers, the first processor, which I remember was the Intel 8080 from 1974, with the performance of 0.5 MIPS. Calculate how much percent a year rose CPU performance when Intel 486DX from 1992 has 54 MIPS. What wou
  • Saving 9
    penize_40 An amount if $ 2000 is invested at an interest of 5% per month. if $ 200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount have accumul
  • Deposit
    ping_bank If you deposit 719 euros the beginning of each year, how much money we have at 1.3% (compound) interest after 9 years?
  • The city
    city_1 At the end of 2010 the city had 248000 residents. The population increased by 2.5% each year. What is the population at the end of 2013?
  • The city 2
    kingkong Today lives 60000 citizens in city. How many citizens can we expect in 8 years if their annual increase is 2.9%?