Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Question
Geometric Sequence
The value of a precious gold coin is increasing at a rate of
5% per year. If the coin is worth S105 today, what will it
be worth in 11 years?
(Hint: The first term of the geometric sequence is $110.25 and
the common ratio is 1.05. What is the 11th term?)
$169.79
c. S179.59
a.
b. S160.00
d. $162.75
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Transcribed Image Text:Geometric Sequence The value of a precious gold coin is increasing at a rate of 5% per year. If the coin is worth S105 today, what will it be worth in 11 years? (Hint: The first term of the geometric sequence is $110.25 and the common ratio is 1.05. What is the 11th term?) $169.79 c. S179.59 a. b. S160.00 d. $162.75
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