Answer:
In everyday language the word reiterate means to say again,
to repeat. In mathematics an iterative procedure is a repetitive
process.
Here
is an example, A calculator can be used to find how a sum
of money, $1000 which grows when the interest rate is 7% per
year by entering 1000 and then repeatedly multiplying by 1.07.
Amount at the end of year 1: $1000 x 1.07 = $1070
Amount at the end of year 2: $1070 x 1.07 = $1144.90
Amount at the end of year 3: $1144.90 x 1.07 = $1225.043
The amount $an at the end of the year n and the amount $an + 1 at
the end of year n + 1 are connected by the iterative relation a n + 1
= 1.07an
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