Rhonda started a business. Her business made $30,000 in profits the first year. Her annual profits have increased by an average of 5% each year since then. Write an iterative rule to model the sequence formed by the profits of Rhonda’s business each year. Use the rule to determine what the annual profits of Rhonda’s business can be predicted to be 15 years from the start of her business. Round your answer to the nearest dollar. Do not round until the end. Show your work. Please answer asap this is for my unit test and im stuck!!!
Rhonda started a business. Her business made $30,000 in profits the first year. Her annual profits have increased by an average of 5% each year since then. Write an iterative rule to model the sequence formed by the profits of Rhonda’s business each year. Use the rule to determine what the annual profits of Rhonda’s business can be predicted to be 15 years from the start of her business. Round your answer to the nearest dollar. Do not round until the end. Show your work. Please answer asap this is for my unit test and im stuck!!!
Chapter12: Sequences, Series And Binomial Theorem
Section: Chapter Questions
Problem 326PT: Find the twentieth term of an arithmetic sequence where the first term is two and the common...
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- Rhonda started a business. Her business made $30,000 in profits the first year. Her annual profits have increased by an average of 5% each year since then.
- Write an iterative rule to model the sequence formed by the profits of Rhonda’s business each year.
- Use the rule to determine what the annual profits of Rhonda’s business can be predicted to be 15 years from the start of her business. Round your answer to the nearest dollar. Do not round until the end. Show your work. Please answer asap this is for my unit test and im stuck!!!
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