2. If j is the rate of simple interest for the k-th period of time, where k = 1,2,..., n, show that the amount of interest earned from time 0 to time n is j₁ + j2 + ... + jn, if an investment of 1 is made at time 0.

2. If j is the rate of simple interest for the k-th period of time, where k = 1,2,..., n, show that the amount of interest earned from time 0 to time n is j₁ + j2 + ... + jn, if an investment of 1 is made at time 0.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

2. If jk is the rate of simple interest for the k-th period of time, where
k = 1, 2,..., n, show that the amount of interest earned from time 0 to time n
is j₁ + 2 + +Jn, if an investment of 1 is made at time 0.

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