Mitch has $58,176 in a savings account that earns 11% interest per year. the interest is not compounded. how much interest will he earn in 3 months?

simple interest

[m, m+d, m+2d, - - - - -, n]

Step-by-step explanation:

We know the formula for arithmetic progression is a_(n) = a_(1) + (n-1)d

Where a_(n) is the nth term of the sequence

a_(1) is the first term of the sequence

n is the number of the term like if we are talking about 7th term so the n is 7.

d is the difference between two successive terms.

For this problem we know our first term that is m, our last term that is n and our difference that is d.

For second term we will use the formula

a_(2) = m + (2-1)d

a_(2) = m + (1)d

a_(2) = m + d

Similarly,

a_(3) = m + (3-1)d

a_(3) = m + (2)d

a_(3) = m + 2d