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

22 April, 14:33

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Vincent Wells · 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