Which recursive formula can be used to determine the total amount of money earned in any year based on the amount earned in the previous year? f(n + 1) = f(n) + 5
f(n + 1) = 5f(n)
f(n + 1) = 1.05f(n)
f(n + 1) = 0.05f(n)

An internet company charges $8.95 per month for the first 3 months that it hosts your web site. then the company charges $11.95 per month for web hosting. how much money, in dollars, will the company charge for 8 months of web hosting?