jack is investing 5000 in an account that earns 4% interest compounded annually. Determine to the nearest month when the investm
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We are given table
Month : 1 2 3 4 5
Shoppers: 50 250 1250 6250 3250
so, we have
first term =50
Second term =250
Third term =1250
now, we can find ratios
we can see that all ratios are same and 5
so, this is exponential
so, option-D..........Answer