a.
To find: Recursive equation for the balance
a.
Answer to Problem 58STP
Recursive equation for the balance amount after
Explanation of Solution
Given information:
Rita has deposited
Annual fee
The bank posts interest to her account in
Given
Every year
The bank posts interest to her account in
It means
Total amount after one year
Will be
Amount
There will annual fees of
Therefore,
Amount after one year wil be
Amount after two years will be
Amount
Therefore,
Total amount after two years incuding annual fees is
Therefore,
On comparing
We can write a general equation that is
Therefore,
Recursive equation for the balance amount after
b.
To find: Balance in the account after four years.
b.
Answer to Problem 58STP
Balance in account after four years
Explanation of Solution
Given information:
Rita has deposited
Annual fee
The bank posts interest to her account in
Recursive equation for the balance amount after
Substitute
We get
Substitute
We get
Substitute
We get
Substitute
We get
Therefore,
Balance in account after four years
Chapter 13 Solutions
Algebra 2
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