## Algebra 2 (1st Edition)

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