The amount of interest earned on an account can be represented using the recursive formula an = 1.02(an-1). If a1 = 255.00, and

Question

3 years ago

8

The amount of interest earned on an account can be represented using the recursive formula an = 1.02(an-1). If a1 = 255.00, and

n represents the number of months the money is invested, what is the balance at the end of each month for the first three months?
A) 255.00, 260.10, 265.30
B) 255.00, 260.10, 265.20
C) 255.00, 256.02, 257.04
D) 255.00, 250.00, 245.10

Mathematics

2 answers:

Luden [163] · Answer 1 · 2022-04-19T02:53:55+03:00

Luden [163]3 years ago

6 0

Answer A works according to the formula.

geniusboy [140] · Answer 2 · 2022-04-19T04:00:20+03:00

geniusboy [140]3 years ago

4 0

Answer:

a is correct

Step-by-step explanation: