Recent content by JJYEO325

Homework Statement The first term of a convergent g.p is 3. The sum of the first five terms of the progression is twice the sum of the first ten terms. Find the sum to infinity of the progression. Homework Equations S(5)= 3(r^5 -1)/4 S(10)=3(r^10 -1)/9 . . . 8^10-9r^5+1=0 Sum to...

Thanks.. So the total amount he owe the bank for the first year is Un >? which is 1.03(200000)-(1.03)12000? Sorry I don't seem to understand the question.

Question: John took a bank loan of $200000 to buy a flat. The bank charges an anual interest rate of 3% on the outstanding loan at the end of each year. John pays $1000 at the beginning of each month until he finishes paying for his loan. Let Un denote the amount owed by john at the end of the...