Answer the following question from the following picture as follows. Which scena

Question

Answer the following question from the following picture as follows.

Which scenario could the following formula not be used to model? 5750 a, 0.88a, A An account is opened with an initial deposit of $5750. The owner of the account gives away 12% of the balance at the beginning of each year. A half-marathon runner finished his most recent race in 5750 seconds. The runner believes that if he sticks to his current training regimen he will be able to cut his time by 12% for each of the next two races. c. An account is opened with an initial deposit of s5750. The owner of the account gives away s12 of the balance atthe beginning of each year. D A used car depreciate on average 12% per year suppose the current market value is $5750. will

Explanation / Answer

a1 = 5750

an = 0.88 a n-1

a n-1 i s the previous value

.88 implies 12% of the previous value

hence, option c cannot be used to model this situation

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