Algebra 2 (1st Edition)

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

Chapter 12 Sequences and Series - Mixed Review of Problem Solving - Lessons 12.4-12.5 - Page 838: 7c


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Work Step by Step

The new recursive rule is $a_1=10000\\a_2=1.0054a_{n-1}-(196+50)=1.0054a_{n-1}-246$ with $n\geq 2$ After using a graphing calculator, we see that $a_{48}=-248$. Hence, we need 47 months to repay the loan.
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