A2 June 2023 Q7
7. Martina decides to open a bank account to help her to save for a holiday. Each month she puts £\(k\) into the account and allows herself to spend one quarter of what was in the account at the end of the previous month.
Let \(u_n\) (where \(n \geqslant 1\)) represent the amount in the account at the end of month \(n\).
Martina has £\(k\) in the account at the end of the first month.
At the end of the 8th month, Martina needs to have at least £1750 in the account to pay for her holiday.
| Scheme | Marks | AO |
|---|---|---|
| \(u_{n+1} = 0.75u_n + k\) | B1 | 3.3 |
| (aux equation \(m - 0.75 = 0 \Rightarrow\)) complementary function is \(A(0.75)^n\) | B1 | 1.1b |
| Consider a trial solution of the form \(u_n = \lambda\) so \(\lambda - 0.75\lambda = k\) | M1 | 1.1b |
| General solution is \(u_n = A(0.75)^n + 4k\) | A1 | 1.1b |
| \(u_1 = k \therefore 0.75A + 4k = k \Rightarrow A = \ldots\) | M1 | 3.4 |
| \(u_n = 4k\left(1 - (0.75)^n\right)\) | A1 | 2.2a |
| (6) |
Notes
B1: CAO
B1: CAO
M1: substituting their trial solution into the recurrence relation (which must be of the form \(u_{n+1} = \alpha u_n + k\) where \(\alpha = 0.75\) or \(\pm 0.25\)) in an attempt to find their \(\lambda\)
A1: CAO for the general solution (may be implied by subsequent working)
M1: using the conditions in the model and their expression of the form \(A(\alpha)^n + Bk\) where \(\alpha\) is 0.75 or \(\pm 0.25\) to calculate \(A\) (which if correct is \(-4k\))
A1: CAO for the particular solution (may be an expression without \(u_n =\) accept any equivalent form e.g. \(u_n = 4k - 3k(0.75)^{n-1}\))
| Scheme | Marks | AO |
|---|---|---|
| \(4k\left(1 - 0.75^8\right) = 1750 \Rightarrow k = \ldots\) | dM1 | 3.4 |
| \(k = 486.1721068\ldots \Rightarrow k = 486.18\) | A1 | 2.2a |
| (2) | ||
| (8 marks) |
Notes
dM1: Applying \(n = 8\) to their general solution of the form \(A(\alpha)^n + Bk\) where \(\alpha\) is 0.75 or \(\pm 0.25\) equal to 1750 (dependent on both M marks in (a))
A1: CAO – must be 486.18