Jordan will deposit $14,000 in an account that pays 3% simple interest yearly for 10 years. What will be Jordan's total balance
1 answer:
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Answer:
Geometric Sequence
Step-by-step explanation:
1. Check the difference.
The difference between the 1st and 2nd term
The difference between the 2nd and 3rd term
The difference is not the same. Therefore, it is not an arithmetic sequence.
2. Check the ratio
The ratio between the 1st and 2nd term
The ratio between the 2nd and 3rd term
The ratio is the same. Therefore, it is a geometric sequence.