Find the Sum of the Finite Arithmetic Sequence

question 15

Multiple Choice

Find the sum of the finite arithmetic sequence. ​
3 + 7 + 11 + 15 + 19 + 23 + 27
​

• A)107
• B)109
• C)105
• D)1105
• E)113

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Definitions:

Simple Interest

Interest is calculated merely on the principal or on what part of the principal is still owed.

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the face value and maturing at par.

Interest Rates

The percentage of a sum of money charged for its use or paid to investors over a period.

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the par value and paying no interest before maturity.