Lily deposited 1,000 in her savings account that earns her 3% compounded annually. She forgot about it until 15 years later when she came across an old bank statement. What’s the starting point and numbers so on

And what the sequence(arithmetic, geometric, or nether

Answerthe simplified expression isexplanationthe given expression is,let us deal with the bracket first.the two negatives in the parenthesis will become positive.the expression now becomes,we now expand the parenthesis to get,we group like terms to obtain,this simplifies to,