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Mathematics, 16.09.2019 15:30 FutureDB

Rita has deposited $1000 in a bank account. at the end of each year, the bank posts interest to her account in the amount of 5% of the balance, but then takes out a $10 annual fee.
would i write it
bn = 1.05bn - 10
or
bn = 1.05b(n-1) - 10
the n is subscript

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