document.write( "Question 1175621: A man buys premium bonds every year . In the first year , he buys sh.2000 worth of bonds . If every year he increases his annual investments in bonds by sh.600 , how long will he take for his total investment in bonds to be sh.37000 \n" ); document.write( "
Algebra.Com's Answer #801279 by greenestamps(13203)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "His investments for each year form an arithmetic sequence: \n" ); document.write( "2000, 2600, 3200, 3800, 4400, 5000, 5600, 6200, 6800, ... \n" ); document.write( "The fastest path to the answer is to add up the successive amounts until the total reaches 37000 or more. You will quickly find that his total investment over 8 years is less than 37000 and the total over 9 years is greater then 37000. \n" ); document.write( "For an algebraic solution, using the formula for the sum of an arithmetic sequence.... \n" ); document.write( "first payment: 2000 \n" ); document.write( "payment in n-th year: 2000+600(n-1) = 1400+600n \n" ); document.write( "Since the sequence is arithmetic, the sum of payments over n years is the number of years, multiplied by the average of the amounts from the first and last years: \n" ); document.write( " \n" ); document.write( "We want that sum to be 37000: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "That quadratic does not factor; you need to find the solution using the quadratic formula or a graphing calculator. Of those two options, clearly the graphing calculator is more efficient. \n" ); document.write( "But you found the answer much faster by performing a few simple additions.... \n" ); document.write( " \n" ); document.write( " |