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In January, you deposit $150 into your checking account. Every month after that, you deposit 10% more than you did the month before. How much did you deposit in August?

In January, you deposit $150 into your checking account. Every month after that, you deposit 10% more than you did the month before. How much did you deposit in August?
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In January, you deposit $150 into your checking account. Every month after that, you deposit 10% more than you did the month before. How much did you deposit in August?

asked
User Ryan Hoegg
by
9.2k points

1 Answer

1 vote
from january to august is 7 months.

So amount deposited in august = 159 * 1.1^7 = $292.31
answered
User Kevin Zhang
by
8.5k points
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