Question

Cami invested $6,000 into an account that earns 10% interest each year.

Is it Geometric or Arithmetic and what is the common difference/ratio?

Answer 1

Arithmetic or Geometric? - Geometric

Recursive: f(0) = 6000, f (n - 1) x 1. 1

Explicit: f(n) = 6000 (1. 1)^n