Answer
$P_n=P_{n-1}(1.01)$ with $P_1=26000$.
Work Step by Step
According to the exercise, this is a geometric series with $P_1=26000$ and common ratio $r=1.01$. Thus the recursive rule is $P_n=P_{n-1}(1.01)$ with $P_1=26000$.
Algebra 2 (1st Edition)
by Larson, Ron; Boswell, Laurie; Kanold, Timothy D.; Stiff, Lee
Published by
McDougal Littell
ISBN 10:
0618595414
ISBN 13:
978-0-61859-541-9
Chapter 12 Sequences and Series - Chapter Review - Page 842: 38
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