Find the Common Ratio R for the Given Infinite Geometric

question 79

Multiple Choice

Find the common ratio r for the given infinite geometric sequence.
-A man borrowed $3000 at 1.5% interest compounded annually. If he paid off the loan in full at the end of 6 years, how much did he pay?

• A) $3270.00
• B) $3280.33
• C) $3045.00
• D) $280.33

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