James deposited some money into a savings account to save for a motorcycle. Based on the interest rate of the account, he estimates that his money will grow according to the following table.
Years Value
1 $1428
2 $1457
3 $1486
4 $1516
5 $1546
The values follow a geometric sequence. What is the common ratio of the sequence?

Enter your answer as a decimal rounded to two decimal places, if necessary, like this: 42.53

The common ratio of the sequence is 1.02

Explanation:

The common difference of the geometric sequence is the ratio of dividing the term by the previous term.

Now, we shall divide the terms.

Dividing 1428 and 1457, we get,

Dividing 1457 and 1486, we get,

Dividing 1486 and 1516, we get,

Dividing 1516 and 1546, we get,

Thus, the common ratio of the sequence is 1.02

the answer is 0.3175 hope that you ^w^

also you might actually want to put this picture up if you want people to solve it luckily i remember this question