Answer :
D. Geometric Sequence
For your question: "Khalid invests $500 in an account that earns 1.5% interest per year, compounded annually. Which of the following is
formed by the amount in his account from year to year?"
The geometric sequence is formed.
A geometric sequence will be formed by the amount in his account from year to year. Option D is correct.
Given that,
Khalid invests $500 in an account that earns 1.5% interest per year, compounded annually. The pattern is formed by the amount year to year to be determined.
What is arithmetic progression?
Arithmetic progression is the series of numbers that have common differences between adjacent values.
What is geometric progression?
Geometric progression is a sequence of series whose ratio with adjacent values remains the same.
Since the function of the amount and interest is an exponential function.
[tex]amount = 500*(1.015)^n[/tex]
So with an increase in n, there must be a common ratio between proceeding amounts of preceding years.
It implies the sequence formed by the amount year to year is a geometric sequence.
Thus, a geometric sequence will be formed by the amount in his account from year to year. Option D is correct.
Learn more about geometric progression here: https://brainly.com/question/4853032
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