Rita has deposited $1000 in a bank account. at the end of each year, the bank posts interest to her account in the amount of 5% of the balance, but then takes out a $10 annual fee. recursions and special sequences

Rita will have $1040 in her bank account by the end of the year.

Step-by-step explanation:

To know how much money will Rita have in her account by the end of the year, we have to perform the following calculation:

$1000 (initial amount) + $1000x5/100 (annual interest) - $10 (annual fee) = X (total money)

1000 + 1000x5/100 - 10 = X

1000 + 50 - 10 = X

1040 = X

Rita will have $1040 in her bank account by the end of the year.

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step-by-step explanation: