ur answers r wrong i) 8144 ii)71034
(i)the grant given in 2011 should be the 11th term
the 11th term is given by a
11=ar
n-1=5000*1.05
11-1=5000*1.05
10=$8144
(ii)total amount is the sum of the money from 2001 to 2011
so the sum from terms 1 to 11 is S
11=a(1-r
n)/1-r
=5000(1-1.05
11))/1-1.05
=5000(1-1.05
11)/-0.05
=$71034
hope this helped
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