Final Answer:
The function that describes the number of transactions
for the given situation is
.
Step-by-step explanation:
In the given table, the number of transactions doubles each month. This indicates a geometric sequence where each term is obtained by multiplying the previous term by a constant ratio. The initial term (a) can be identified as 10, and the common ratio (r) is 2 since each term is twice the preceding one.
The general form of a geometric sequence is
. Substituting the given values, we get
. Here, ( n ) represents the number of months.
This formula makes sense because, in each month, the number of transactions is twice the number of transactions in the previous month. The term
accounts for this doubling effect, and by starting with 10 transactions in the first month, the formula accurately models the entire sequence.