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33 votes
33 votes
Which recursive formula can be used to determine the total amount of money earned in any year based on the amount earned in the previous year? f(n 1) = f(n) 5 f(n 1) = 5f(n) f(n 1) = 1.05f(n) f(n 1) = 0.05f(n)

User Antoine Morrier
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1 Answer

19 votes
19 votes

Answer: y = f (n 1)

Explanation:

If we count interest rate = 5%

then if he earned 'y' amount in 1st year then in 2nd year he must earned

= y + 5% of y

== 1.05 y

here, y = f(n 1)

User Sandeep Lade
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