3) (A) Find a simplified explicit form (in terms of s and t) for the amount of interest earned between times and time t, which is I = A(t) - A(s), where s < t, if a. In = n for some positive integer n. b. In = 2" for some positive integer n. Hint: The geometric sum of k terms is Σo ar = a for a constant ratio r # 1. Total interest is the sum of the periodic interests, Is+1, Is+2,..., It. 1₁ + + Is Is+1 Is+2 It 0 A(s) + S A(s+1) A(s+2) s+1 s + 2 A(t-1) t-1 t 1-pk+1 1-r

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.7: More On Inequalities
Problem 44E
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Note: please answer asap Subject: Financial math
3) (A) Find a simplified explicit form (in terms of s and t) for the amount of interest earned between
time s and time t, which is I = A(t) - A(s), where s < t, if
a. In = n for some positive integer n.
b. In = 2" for some positive integer n. Hint: The geometric sum of k terms is Σo ar = a
for a constant ratio r # 1.
Total interest is the sum of the periodic interests, Is+1, Is+2,..., It.
I₁+ + Is
Is+1 Is+2
It
0
A(s)
+
S
A(s+1) A(s+2)
s+1 s + 2
A(t-1)
t-1 t
A(t)
1-pk+1
1-r
Transcribed Image Text:3) (A) Find a simplified explicit form (in terms of s and t) for the amount of interest earned between time s and time t, which is I = A(t) - A(s), where s < t, if a. In = n for some positive integer n. b. In = 2" for some positive integer n. Hint: The geometric sum of k terms is Σo ar = a for a constant ratio r # 1. Total interest is the sum of the periodic interests, Is+1, Is+2,..., It. I₁+ + Is Is+1 Is+2 It 0 A(s) + S A(s+1) A(s+2) s+1 s + 2 A(t-1) t-1 t A(t) 1-pk+1 1-r
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