Question

Victoria had $200 in her account at the end of one year. at the first of each subsequent year she deposits $15 into the account and earns 2% interest on the new balance, compounded annually. which recursive formula represents the total amount of money in victoria’s account at the end of the nth year?

Answer 1

The recursive formula is; 1.02(an-1 + 15) a1=200 based on the question.

What is a recursive formula?

The term recursive formula can be used to describe the derivation of a term in a sequence based on the previous term.

Given the information in the question, the recursive formula is; 1.02(an-1 + 15) a1=200.

Learn more about recursive formula:https://brainly.com/question/8972906

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