Question

Ryan is interested in investing money for a new car. In the first month, he saved $110, He plans to save 3% more each month than the previous month. How much money will he have saved after a year and a half?

Answer 1

Answer: $169.4

Explanation:

A year and a half= 18 month

Decrease 3% each month= 3% x 18 = 0.54

0.54x110=59.4 110+59.4= $169.4