Question
You rent an apartment that costs $900 per month during the first year, but the rent is set to go up 10.5% per year. Write a recursive formula to show what the rent is during the nth year of living in the apartment.
Answers
GPT 3.5
Let R(n) be the rent during the nth year.
R(1) = $900
R(n) = R(n-1) + 0.105*R(n-1)
Therefore, the recursive formula for the rent during the nth year is:
R(n) = R(n-1) + 0.105*R(n-1)
R(1) = $900
R(n) = R(n-1) + 0.105*R(n-1)
Therefore, the recursive formula for the rent during the nth year is:
R(n) = R(n-1) + 0.105*R(n-1)
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