Question

The Smiths spent $2,000 on clothes in a particular year. If they increase the amount they spend on clothes by 10% each year, the Smiths will spend a total of $ on clothing in 4 years. NextReset

Answer 1

Hello!

So you have to find how much they will spend when going up by 10% every year

You can solve this by multiplying the cost by 1.10

2000 * 1.10 =2200

They spend 2200 after 1 year

2200 * 1.10 = 2420

They spend $2420 after 2 years

2420 * 1.10 = 2662

They spend $2662 after 3 years

2662 * 1.10 = 2928.2

They spend $2928.2 after 4 years

Add these up

2000 + 2200 + 2662 + 2928.2 = 9790.2

They will spend $9790.2 in 4 years

The answer is 9790.2

Hope this helps!