Yui makes a list of the balances in her savings account at the end of each month. She notices that each month’s total is 5 percent greater than the previous month’s total. She writes a recursive formula to describe the account balances. Which value should she use as the common ratio?

Question

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Exponential Functions — Test

Yui makes a list of the balances in her savings account at the end of each month. She notices that each month’s total is 5 percent greater than the previous month’s total. She writes a recursive formula to describe the account balances. Which value should she use as the common ratio?

Explanation

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