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Author Question: Karen has a balance of on a department store credit card that charges interest per month on ... (Read 71 times)

nramada

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Solve.

Karen has a balance of on a department store credit card that charges interest per month on any unpaid balance. She can afford to pay toward the balance each month. Her balance each month, after making a payment, is given by the recursively defined sequence

B0 = $1000 Bn = 1.015Bn-1 - 150

Determine Karen's balance after making the first payment. That is, determine B1.


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Marked as best answer by nramada on Feb 28, 2021

ngr69

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nramada

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Reply 2 on: Feb 28, 2021
Excellent


duy1981999

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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