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User Gimmy
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Answer:

year 1................... (0.15)50

year 2................. (0.15)(0.15)50

year 3................. (0.15)(0.15)(0.15)50

year n................. 50(0.15)ⁿ

when the next term is simply obtained by multiplying the current one by some multiplier, is a geometric sequence.

Explanation:

Arithmetic sequence

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