Ruth Brown wants to borrow $2,600 for 90 days to pay her real estate tax. State Savings
and Loan charges 7.25% ordinary interest while Security Bank charges 7.5 % exact
interest.
(a) What is the interest of each loan?
(b) What is the maturity value of each loan?
(c) What is the maturity value of the loan if it has an ordinary interest?
(d) What is the maturity value of the loan if it has an exact interest?
(e) Where should they borrow the money?

geometric series converge the common ratio r has magnitude less than one.

which is equivalent to

for the example we need

|2-x| < 1

-1 < 2-x   and 2-x < 1

x < 3 and x > 1

we can write that

answer: 1 < x < 3

1a. common ratio r=250/25=10 > 1     diverges

1b.   r=50/100=1/2 converges

when these converge they converge to

where a is the first term.

answer: 200

1c. r=-1   so it's not the case that |r| < 1.     diverges

2a. x is the common ratio so we converge when |x|< 1

2b.   r=-10x / -2 = 5x.

we converge when

|5x| < 1

|x| < 1/5

2c.   r=3-2x

-1 < 3-2x and 3-2x < 1

-4 < -2x and 2 < 2x

x < 2 and 1 < x

1 < x < 2

2d. [/tex] r=-48x^3/12 = 4x^3[/tex]

|4x^3| < 1

|x^3| < \frac 1 4

|x| < 4^{-1/3}

answer is 12345678900987654321234567890987654321

step-by-step explanation: