Cora got a $1200 loan for 2 years. She paid $90 in interest. What was her interest rate? (*hint: you will get a decimal as an an
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<u>Answer-</u>
<u>Solution-</u>
Here, n represents the number of months and f(n) represents the number of laptops in the store after n months.
As the store had 150 laptops in the month of January or at the beginning.
So
Every month, 20% of the laptops were sold and 10 new laptops were stocked in the store.
As 20% of laptops were sold, so 80% were in the store.
So, after one month total number of laptops in the store,
Again after one month total number of laptops in the store,
Analyzing the pattern, the recursive function f(n) will be,