Use the Formula for the Sum of the First N

question 125

Multiple Choice

Use the formula for the sum of the first n terms of an arithmetic sequence to find the indicated sum.
-As part of her retirement savings plan, Patricia deposited $250 in a bank account during her first year in the workforce. During each subsequent year, she deposited $35 more than the previous year. Find how much she deposited during her twentieth year in the workforce. Find the total amount deposited in the twenty years.

• A) $915; $11,650
• B) $950; $12,000
• C) $915; $23,300
• D) $950; $24,000

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Definitions:

Competition

The rivalry among businesses or individuals for resources, customers, market share, or achievement, which can drive innovation and efficiency.

Disadvantaged

Individuals or groups that experience a lack of resources, opportunities, or privileges, putting them at a social, economic, or educational disadvantage.

Advantaged

Having favorable conditions or circumstances that provide a superior position or greater opportunities compared to others.

Society

A group of individuals involving persistent social interactions, or a large social grouping sharing the same geographical or social territory.