Answer
$2162$
Work Step by Step
$p_1=1.03p_{1-1}+20=1.03p_0+20=1.03(2000)+20=2060+20=2080$
$p_2=1.03p_{2-1}+20=1.03p_1+20=1.03(2080)+20=2142+20=2162$
Precalculus (10th Edition)
by Sullivan, Michael
Published by
Pearson
ISBN 10:
0-32197-907-9
ISBN 13:
978-0-32197-907-0
Chapter 12 - Sequences; Induction; the Binomial Theorem - 12.1 Sequences - 12.1 Assess Your Understanding - Page 808: 82
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