Question

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

Answer 1

the answer is C 1.05

Explanation:

Answer 2

1.05*prevous month total or

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