Question

Which of the following is the explicit formula for a compound interestgeometric sequence?

Answer 1

INFORMATION:

We have the following options

And we must select the one that represents the explicit formula for a compound interest geometric sequence

STEP BY STEP EXPLANATION:

To select the correct one, we need to know that:

`P_n=P_1(1+i)^((n-1))`

Finally, the correct one would be option A

ANSWER:

`A.\text{ }P_n=P_1\cdot(1+i)^(n-1)`