1.You get a student loan from the New Mexico Educational Assistance Foundation to pay for your educational expenses this year. Find the interest on the loan if you borrowed ₱2 000 at 8% for 1 year.

$160

Step-by-step explanation:

Step one:

given data

Principal = $2000

rate= 8%

time t= 1 year

Required

The Simple interest paid after 1 year

Step two:

Simple interest = PRT/100

Simple interest = 2000*8*1/100

Simple interest = 16000/100

Simple interest =$160

The simple interest paid after 1 year is $160

the terms of a geometric sequence can be found by beginning with the first term and multiplying by the common ratio repeatedly. a recursive formula for a geometric sequence with common ratio r is given by an=ran−1 a n = r a n − 1 for n≥2 n ≥ 2 .

step-by-step explanation:

for this case we must apply distributive property to the following expression:

the distributive property states that:

then, when applying the property we have to multiply the -2 for each term within the parenthesis: