Answer
$a_n=500(1.02)^{n-1}$
$a_{40}=1082.37$
Work Step by Step
$a_n=a_1r^{n-1}$
$a_n=500(1.02)^{n-1}$
$a_{40}=500(1.02)^{40-1}=500(1.02)^{39}=1082.37$
Algebra and Trigonometry 10th Edition
by Larson, Ron
Published by
Cengage Learning
ISBN 10:
9781337271172
ISBN 13:
978-1-33727-117-2
Chapter 11 - 11.3 - Geometric Sequences and Series - 11.3 Exercises - Page 795: 31
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