Hilary Duff purchased a rare unicorn succulent for $36 in the first year & of course she has amazing taste, so it began increasing in value. The value followed a pattern appreciating it's value by 20% each year. Which recursive equation best models the situation?

Question

t(n) = t(n + 1) • (1.2), where t(1) = 30
t(n + 1) = t(n) • (1.2), where t(1) = 36
t(n + 1) = t(n) + (0.2), where t(1) = 36
t(n + 1) = t(n) • (0.2), where t(1) = 30

Answer 1

(n + 1) = t(n) • (1.2), where t(1) = 36

Answer 2

first 36
after that multiply by 1.2