6
QuizMultiple Choice

Compound Interest and Geometric Sequences — Quiz

Question 6 • Advanced Financial Algebra

Melody invests $⁢50 in a stock fund. Each week, she adds an amount to the investment that is two times the previous week's addition. How much will Melody add to her investment in the 8th week? a_n=a_1⋅r^(n−1)

Answer
A
50 dollars
B
3 dollars comma 200
C
12 dollars comma 800
D
6 dollars comma 400
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