Gillywilly
New Member
- Joined
- Dec 17, 2009
- Messages
- 25
- Gender
- Male
- HSC
- 2011
that's 8c(ii) LOLA1 = 29227(1.005) + M(1.005)
A2 = 29227(1.005)^2 + M(1.005)^2 + M(1.005)
= 29227(1.005)^2 + M(1.005 + 1.005^2)
A3 = you get the point
An = 29227(1.005)^n + M(1.005+1.005^2+...+1.005^n)
= 29227(1.005)^n + M(a(r^n-1)/(r-1))
After 240 months An = 800000. So solve the equation when n = 240 and An = 800000. Ends up with the answer in the OP.