Use Binet's Formula ,Where Is the Golden Ratio

question 6

Short Answer

Use Binet's formula ,where is the golden ratio, to find the forty third Fibonacci number .

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Definitions:

Markup Percent

A percentage added to the cost price to determine the selling price.

Cost

Cost refers to the amount of money or resources expended to obtain a good or service, including production, materials, labor, and other expenses.

Markup Percent

The percentage increase applied to the cost price of goods to calculate their selling price.

Selling Price

The amount of money for which a good or service is sold to the buyer.