On january 1, 2006, you have $100 in a savings account that earns interest at a rate of 1% per month. on the last day of every month you deposit $75 in the account, beginning in january.
write a recursive rule for the account balance at the beginning of the nth month.

The recursive rule for account balance at the beginning of the nth month will be given by and where, n = 1, 2, 3, .....

Step-by-step explanation:

On January 1, 2006, I have $100 in a savings account that earns interest at a rate of 1% per month. On the last day of every month, I deposit $75 in the account, beginning in January.

So, at the end of the month of January, the added amount to the account is $75 and 1% of $100 i.e. 1$.

Then, total $(75 + 1) = $76 is being added at the end of each month.

So, the recursive rule for account balance at the beginning of the nth month will be given by and where, n = 1, 2, 3, ..... (Answer)

95.03 is the answer. hope this !