Final Answer:
A sum S of n transactions T1, T2, …, Tn is the total value obtained by adding all the individual transaction values together.
Step-by-step explanation:
In order to calculate the sum S of n transactions T1, T2, …, Tn, we simply add up all the individual transaction values. This can be represented as S = T1 + T2 + … + Tn. For example, if we have transactions with values of 10, 15, and 20, the sum S would be 10 + 15 + 20 = 45.
The sum of transactions is a fundamental concept in finance and accounting. It is used to determine the total value of a series of transactions, which can be crucial for financial analysis and decision-making. Whether it’s calculating the total revenue generated from sales transactions or the total expenses incurred, understanding the sum of transactions is essential for evaluating the overall financial performance of an entity.
Understanding how to calculate the sum of transactions is important for individuals and businesses alike. It provides a clear picture of the total value involved in a series of transactions and helps in assessing financial health and performance.