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% 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?

A. 0.05

B. 0.5

C. 1.05

D. 5.0

Question

Natalya Atkinson

18 March, 00:59

+3

Answers (1)

Know the Answer?

Keyon Fletcher · Answer 1

B, because 5% is equal to 0.05. And because you add it, you do 1.00 + 5% (=0.05) which maken 1.05