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23 votes
23 votes
Yui makes a list of the balances in her savings account at the end of each month. She notices that each month's total is 5% greater than the previous moth's total. She writes a recursive formula to describe the account balances. Which value should she use as the common ratio

User Chris Summers
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2 Answers

14 votes
14 votes

Answer:

the answer is C 1.05

Explanation:

User Pommicket
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14 votes
14 votes
1.05*prevous month total or

Starting balance * 1.05^n where n is the number of months
User Almouro
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