considered yourself depositing an amount of money in a local bank which offers 5% interest rate compounded annually. If you deposited ₱10,000.00 in the bank, how much will you earn after 3 years?
1.What kind of sequence is illustrated in the above situation?
2.If it shows arithmetic sequence,then what is the common difference? On the other hand, if it shows a geometric sequence, what is the common ratio?Provide a justification for your answer using any method ​