Question

Suppose your parents started saving for your college education when you were 7 years old. Assume they saved $400 the first year and then saved $50 more than that each year until you are 18 years old. How much money would they have saved by the time you are 18 and ready for college?

Answer 1

8,100

Explanation:

(amount)

400+450+500+550+600+650+700+750+800+850+900+950

(ages)

7------8-----9------10-------11-----12-----13----14-----15----16----17------18