Algebra 2 (1st Edition)

Published by McDougal Littell
ISBN 10: 0618595414
ISBN 13: 978-0-61859-541-9

Chapter 12 Sequences and Series - Chapter Review - Page 842: 38


$P_n=P_{n-1}(1.01)$ with $P_1=26000$.

Work Step by Step

According to the exercise, this is a geometric series with $P_1=26000$ and common ratio $r=1.01$. Thus the recursive rule is $P_n=P_{n-1}(1.01)$ with $P_1=26000$.
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