Victoria had $200 in her account at the end of one year. at the first of each subsequent year she deposits $15 into the account
and earns 2% interest on the new balance, compounded annually. which recursive formula represents the total amount of
money in victoria's account at the end of the nth year?
a, - 1.02( a -1 +15), aq - 215
an - 15+1.02a -1, 2, - 215
2,- 1.02(an-1 +15); a, - 200
an = 15+1.02am-11 an - 200

The amount of money in Victoria's account at the end of n-th year will be,

$

Step-by-step explanation:

The amount of money in Victoria's account at the end of n-th year will be,

$

= $

= $

= $

Since, the interest is compounded over that $ 200 (which was there in the account at the end of 1st year) for (n-1) years and for (n-1) years, (n-2) years, (n -3) years, ...... 1 year respectively over those $ 15 which are deposited in the account at the end of 1 , 2, 3, ...... (n-1) years.

saving = more money

step-by-step explanation:

if you have 100 bucks, and you want to buy a candy bar, even if you have one at home, if you choose not to buy it, you save.

~courtney