SOLUTION: Each month Barry makes three transactions and his checking account he deposits $700 from his paycheck he withdraws $150 to buy gas for his car he withdraws $400 for other expenses
Question 1162534: Each month Barry makes three transactions and his checking account he deposits $700 from his paycheck he withdraws $150 to buy gas for his car he withdraws $400 for other expenses if his account balance is $1900 at the end of the first month which recursive equation models berries account balance at the end of the month each month Barry makes three transactions and his checking account he deposit $700 from his paycheck he withdraws $150 to buy gas for his car he withdraws $400 for other expenses if his account balance is $1900 at the end of the first month which recursive equation models berries account balance at the end of the month n? Answer by ikleyn(52775) (Show Source): You can put this solution on YOUR website! .
This recursive equation is
= + (700-150-400),
or, equivalently,
= + 150.
The formula works for n >= 1 and predicts the amount at the account n+1 months after start.
Notice that = 1900 (given).