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In 2016, 5,200 parking permits were issued in a city. The number of parking permits...

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In 2016, 5,200 parking permits were issued in a city. The number of parking permits increases by 5% every year. Let y represent the number of parking permits issued xyears since 2016.Which type of sequence does the situation represent?A The situation represents an arithmetic sequence because the successive y-values have a common difference of 1.5.B. The situation represents a geometric sequence because the successive y-values have a common ratio of 1.5.C. The situation represents an arithmetic sequence because the successive y-values have a common difference of 1.05.D. The situation represents a geometric sequence because the successive y-values have a common ratio of 1.05.

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