INFORMATION:
We have the following options
And we must select the one that represents the explicit formula for a compound interest geometric sequence
STEP BY STEP EXPLANATION:
To select the correct one, we need to know that:
[tex]P_n=P_1(1+i)^{(n-1)}[/tex]
Finally, the correct one would be option A
ANSWER:
[tex]A.\text{ }P_n=P_1\cdot(1+i)^{n-1}[/tex]
