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Mike had $25 of his first monthly paycheck deposited in the bank. During each of the next 15 months, he increased the monthly deposit by $5.00. How much money did he deposit in the bank in the 16-month period?
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25+ 30+ 35+........ there are 16 terms
16(2*25+(16-1)5)/2 8(50+15*5) 8(50+75) 8(125) 1000
so, $1000 is the money after 16 months
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