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6 July, 17:52

Mr. Brown's salary is $32,000 and it increases by 3% each year. What is the explicit rule for this sequence in simplified form?

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  1. 6 July, 20:27
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    This is the concept of geometric series. We are required to find the recursive formula for year n. Here we will use the formula;

    nth=ar^ (n-1)

    where;

    a=first term

    r=common ratio

    n=nth term

    Thus

    a=8.50

    r = (8.85) / (8.50) = 1.0412

    thus the formula will be:

    nth=8.50 (1.0412) ^n
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