SOLUTION: a person has deposited rs 25,000 in an inverstment which yields 14% simple interest annually. do these amounts (principal+interest) form an arithmatic progression? if so, determine

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Question 619171: a person has deposited rs 25,000 in an inverstment which yields 14% simple interest annually. do these amounts (principal+interest) form an arithmatic progression? if so, determine the amount of inverstment after 20 years.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 
Hi,
a person has deposited rs 25,000 in an investment which yields 14% simple interest annually.
do these amounts (principal+interest) form an arithmatic progression?
if so, determine the amount of inverstment after 20 years
In General A+=+P%281%2Br%2Fn%29%5E%28nt%29
A = Accumulated Amount
P= principal = 25,000
r= annual rate = .14
n= periods per year = 1
t= years = 20
A+=+25000%281.14%29%5E%2820%29= $343,587.25