Kingston obtained a loan for $1,000 to be paid back in 30 days. The lender quoted Kingston a $200 fee. Which of the following statements is correct regarding this loan?

A The APR is over 240%.

Step-by-step explanation:

Given:

Loan amount = $1000Time = 30 daysRate = $200 per 30 days

Now options:

A The APR is over 240%.

Correct since  $200 per 30 days  ⇒ 20% per 30 days ⇒ 240$ per 360 days ⇒ more than $240 for year

B The fee will be paid only if Kingston makes a late payment.

Incorrect. This is the sum to be paid at the end of 30 days

C The $1,000 plus finance charges will be paid at the end of one year.

Incorrect. All charges including the loan due paid at the end of 30 days

D Kingston will receive $1,200 from the loan.

Incorrect. Loan amount is $1000`.

Num of plants = (original#ofplants)*(1.6)^t

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

1 the 1st term, 3 the 2nd term, 6 the 3rd term,etc.

note the following:

from the 1st term (1) to the 2nd term (3), we go up by 2,from the 2nd term (3) to the 3rd term (6), we go up by 3from the 3rd term (6) to the 4th term (10), we go up by 4, andfrom the 4th term (10) to the 5th term (15), we go up by 5.

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for