7. Martina decides to open a bank account to help her to save for a holiday. Each month she puts \(\pounds \mathrm { k }\) 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 \(\mathrm { n } \geqslant 1\) ) represent the amount in the account at the end of month n .
Martina has \(\pounds \mathrm {~K}\) in the account at the end of the first month.

1. By setting up a first order recurrence relation for \(u _ { n + 1 }\) in terms of \(u _ { n }\), determine an expression for \(u _ { n }\) in terms of n and k At the end of the 8th month, Martina needs to have at least \(\pounds 1750\) in the account to pay for her holiday.
2. Determine, to the nearest penny, the minimum amount of money that Martina should put into the account each month.