PLease help me set up and or solve the word problem:
This month, Julia deposits $400 to save for a vacation. She plans to deposit 10% more each month for the next 11 months. How much will she have saved after the 12 deposits??

Question

PLease help me set up and or solve the word problem:
This month, Julia deposits $400 to save for a vacation. She plans to deposit 10% more each month for the next 11 months. How much will she have saved after the 12 deposits??

nathan917 · Answer

She puts in 400
10% of 400 is 40 then add to 400 = 440
10% of 440 is 44 add to 440 = 484
do 9 more times and you get 1141.25