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.

Answer 1

Year 1 :
$2,000
Year 2 :
$2,000 x 1.1 = $2,200
Year 3 :
$2,200 x 1.1 = $2,420
Year 4 :
$2,420 x 1.1 = $2,662
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Total: $9,282