1. At the beginning of January, the Bike MegaMart has 500 bicycles in stock. Each month they plan to sell 25% of their s
Posted: Sat May 07, 2022 8:14 pm
1. At the beginning of January, the Bike MegaMart has 500 bicycles in stock. Each month they plan to sell 25% of their stock. On the last day of each month, they will receive a shipment of 200 new bikes. a. Write a recursive formula for calculating the number of bikes in stock at the end of n months. b. How many bikes will the MegaMart have at the end of 12 months? c. Describe what will happen to the number of bikes in stock over the long run.