Victoria had $200 in her account at the end of one year. at the first of each subsequent year she deposits $15 into the account and earns 2% interest on the new balance. which recursive formula represents the total amount of money in the bank?

recursive formula represents the total amount of money in the bank is given by

Step-by-step explanation:

Given : Victoria had $200 in her account at the end of one year. At the first of each subsequent year she deposits $15 into the account and earns 2% interest on the new balance.

We have to write a recursive formula representing the total amount of money in the bank.

Since, she has $200 in her account so first term is 200

and  At the first of each subsequent year she deposits $15 into the account and earns 2% interest on the new balance.

balance at beginning of year 1 = 200+15=215

at the beginning of year 1 she has balance = 215 + interest on 215 + 15

, where n is time period.

r = 2%

Thus, at the beginning of year 1 she has balance =

So at every next year she will have interest on previous balance + $15

So , recursive formula represents the total amount of money in the bank is given by

26

step-by-step explanation:

1,8,15,22,29,36,43,50

step-by-step explanation: