The price of a good changes according to the recurrence equation 2pt + Pt-1 = 30 where pt is the price, in pounds, on the tth day. (i) If the price on the first day is £7, how does pt behave in the long-term? (ii) After how many days will the price be within a penny of its limiting value?
The price of a good changes according to the recurrence equation 2pt + Pt-1 = 30 where pt is the price, in pounds, on the tth day. (i) If the price on the first day is £7, how does pt behave in the long-term? (ii) After how many days will the price be within a penny of its limiting value?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.1: Equations
Problem 70E
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