Answer:
Step-by-step explanation:
Given Recursive formula : ,
Then,
We can write it as :
such that
n
1
2
3
Hence, the required function:
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Original Income = 15,000
New income = 20,000
The percentage Increase in the income can be calculated as:
%
The change in income = 20000 - 15000 = 5000
Using the values, we get:
%
=
%
This means, Pats income increased by 33.33% in a period of ten years
New income = 20,000
The percentage Increase in the income can be calculated as:
The change in income = 20000 - 15000 = 5000
Using the values, we get:
=
This means, Pats income increased by 33.33% in a period of ten years