Answer:
see explanation
Explanation:
the nth term of a geometric sequence is
= a₁
where a₁ is the first term and r the common ratio
=
← is in this form
with a₁ = 1 and r = 1.04
then
a₁ = 1
a₂ =
=
= 1.04
a₃ =
= 1.04² = 1.0816
a₄ =
= 1.04³ = 1.1249 ( to 4 dec. places )