SOLUTION: A fitness center recently opened. The center's earnings increased by 8% each month during its first 3 months of operation. Suppose this pattern continues. Which statement describes

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Question 1106707: A fitness center recently opened. The center's earnings increased by 8% each month during its first 3 months of operation. Suppose this pattern continues. Which statement describes the recursive process for calculating the earnings each month?
A. Multiply the previous month's earnings by 0.08
B. Add 8 to the previous month's earnings
C. Divide the previous month's earnings by 8
D. Multiply the previous month's earnings by 1.08
Answer by ikleyn(52846) About Me  (Show Source):
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A fitness center recently opened. The center's earnings increased by 8% each month during its first 3 months of operation.
Suppose this pattern continues. Which statement describes the recursive process for calculating the earnings each month? 

A. Multiply the previous month's earnings by 0.08

B. Add 8 to the previous month's earnings

C. Divide the previous month's earnings by 8

D. Multiply the previous month's earnings by 1.08    <<<---===  This one.

Because the marked statement, and only it, corresponds to the formulated condition.