Question

Mr. Oppong makes monthly payments into his savings account. He saved Gh¢800.00 in the second month, Gh¢3,200.00 in the third month and he continued in tha same proportion in subsequent months. In what month would his savings first exceed Gh¢20,000.00?​

Answer 1

5th month

Explanation:

the relationship between the second and third month is that the 2nd month's salary was multiplied 4 to get the third month's salary

therefore the salaries for the next months will be

4th month=Gh¢12800.00

5th month=Gh¢51,200.00 which exceeds 20,000