19 Richard sold his car for $7500. He invested the money in an account paying 3.7% p. a. interest compounded
quarterly for 8 years. Inflation averaged 3.1% per year
over this period.

b Find the real value of Richard's investment

answer;

the correct answer

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c. (3,2,6) is the answer.

answer for #1 is c

answer for #2 is d

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, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for