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kari74 [83]
3 years ago
14

Suppose that $8500 is placed in an account that pays 12% Interest compounded each year.

Mathematics
1 answer:
Nitella [24]3 years ago
3 0
A) 7480$ will be in the account at the end of one year.
B) $6460 will be in the account at the end of 2 years.
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RoseWind [281]

The common ratio of both the formulas is 3 and 2. The first formula is explicit and the second is the recursive formula.

<h3>What is the recursive rule?</h3>

A rule is defined such that its definition includes itself.

1.

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Learn more about the recursive rule and explicit rules here:

brainly.com/question/12620593

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2 years ago
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