A frozen pizza that originally sold for $4.85 undergoes a 5% price increase each year. Part 1 of 2
(a) Find the new cost of the frozen pizza after 12 years. Round your answer to the nearest cent.
The new cost of the frozen pizza after 12 years is
8.71

What mathematical statement is missing ? ? the answer is b

This is what i found “an explicit formula designates the nth term of the sequence, as an expression of n (where n = the term's location). it defines the sequence as a formula in terms of n. this example is an arithmetic sequence(the same number, 5, is added to each term to get to the next term).” i hope this you for what your looking for. can you plz mark me brainliest?