May 5, 2015

Homework Help: Math

Posted by John on Sunday, August 7, 2011 at 11:13pm.

Can you please explain step by step on how to do each of these two problems below? And then tell me whether it involves an arithmetic sequence or a geometric sequence I also need the work shown out for both problems thank you.

1). A person hired a firm to build a CB radio tower. The firm charges $100 for labor for the first 10 feet. After that, the cost of the labor for each succeeding 10 feet is $25 more than the preceding 10 feet. That is, the next 10 feet will cost $125, the next 10 feet will cost $150, etc. How much will it cost to build a 90-foot tower?

2). A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of 10 years, how much money will be in the savings account?

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