College

We appreciate your visit to Select the correct answer Each month Barry makes three transactions in his checking account He deposits tex 700 tex from his paycheck He withdraws tex. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

Select the correct answer.

Each month, Barry makes three transactions in his checking account:
- He deposits [tex]$\$700$[/tex] from his paycheck.
- He withdraws [tex]$\$150$[/tex] to buy gas for his car.
- He withdraws [tex]$\$400$[/tex] for other expenses.

If his account balance is [tex]$\$1,900$[/tex] at the end of the 1st month, which recursive equation models Barry's account balance at the end of month [tex]$m$[/tex]?

A. [tex]f(1) = 1,900[/tex]
[tex]f(n) = 150 \cdot f(n-1)[/tex], for [tex]n \geq 2[/tex]

B. [tex]f(1) = 1,900[/tex]
[tex]f(n) = f(n-1) + 150[/tex], for [tex]n \geq 2[/tex]

C. [tex]f(1) = 1,900[/tex]
[tex]f(n) = f(n-1) + 700[/tex], for [tex]n \geq 2[/tex]

D. [tex]f(1) = 1,900[/tex]
[tex]f(n) = f(n-1) - 150[/tex], for [tex]n \geq 2[/tex]

Answer :

Certainly! Let's work through the transactions to determine the recursive equation for Barry's account balance at the end of each month.

Barry performs these transactions each month:
1. Deposits [tex]$700.
2. Withdraws $[/tex]150 for gas.
3. Withdraws [tex]$400 for other expenses.

First, we need to figure out the net change to his account balance each month:

- The total withdrawal each month is $[/tex]150 + [tex]$400 = $[/tex]550.
- Since Barry deposits [tex]$700 every month, we calculate the net change by subtracting the total withdrawals from the deposit: $[/tex]700 - [tex]$550 = $[/tex]150.

This means each month, after all transactions, Barry's account balance increases by [tex]$150.

Based on this, we can set up the recursive formula:
- The initial balance at the end of the first month is $[/tex]1,900. So, we start with [tex]\( f(1) = 1,900 \)[/tex].
- Each subsequent month, his balance increases by $150, which gives us the recursive formula: [tex]\( f(n) = f(n-1) + 150 \)[/tex] for [tex]\( n \geq 2 \)[/tex].

Therefore, the correct choice is answer B:
[tex]\[ f(1) = 1,900 \][/tex]
[tex]\[ f(n) = f(n-1) + 150, \text{ for } n \geq 2 \][/tex]

Thanks for taking the time to read Select the correct answer Each month Barry makes three transactions in his checking account He deposits tex 700 tex from his paycheck He withdraws tex. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

Rewritten by : Barada