Tayo opened an account with Bank of America with an initial deposit of $5,000.00. He gets a
15% interest rate on the balance monthly. He adds an additional $250.00 monthly after interest i
calculated.
1. Write a recursive rule to illustrate this scenario.
2. How long will it take for Tayo to have at least $11,000.00 in the account?
3. Write a function rule that can be used to determine Tayo's balance if he was not adding
the extra $250.00 monthly
