Question

In 2016, 5,200 parking permits were issued in a city. The number of parking permits increases by 5% every year. Let y represent the number of parking permits issued x years since 2016. Which type of sequence does the situation represent? A.The situation represents a geometric sequence because the successive y-values have a common ratio of 1.05.
B.
The situation represents an arithmetic sequence because the successive y-values have a common difference of 1.5.
C.
The situation represents a geometric sequence because the successive y-values have a common ratio of 1.5.
D.
The situation represents an arithmetic sequence because the successive y-values have a common difference of 1.05.

Answer 1

The situation represents a geometric sequence because the successive y-values have a common ratio of 1.05.

How to determine the situation?

The given parameters are:

Initial = 5200

Rate = 5%

Because the population by 5% every year, then the situation is a geometric sequence.

The common ratio is then calculated as:

Ratio = 1 + Rate

This gives

Ratio = 1 + 5%

Evaluate

Ratio = 1.05

Hence, the situation represents a geometric sequence because the successive y-values have a common ratio of 1.05.

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