True/False

A loan officer is reviewing the balance growth on a high-yield savings account: {}1000, 1050, 1102.50, 1157.63, dots. True or False: This growth follows a geometric sequence because the difference between any two consecutive balances is always the same.

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Updated 2026-09-18

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Ch.12 Sequences, Series and Binomial Theorem - Intermediate Algebra @ OpenStax

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