Question

You open a bank account with an initial deposit of $45 and plan to increase the amount deposited by $23 per year. What will the principal amount in your account be at the end of the 6th year? (Do not consider interest.)

Answer 1

The options are $455, $512, $615, and $798

Answer 2

Year # Deposit
0 $45
1 $45+$23 = $68
2 $68+$23 = $$91
3
4
5
6

Fill in the rest of the table and add up all the deposits.

Answer 3

So $615?

Answer 4

$45 + $68 + $91 + $114 + $137 + $160 + $183 = ?

Answer 5

$798

Answer 6

yes.

Answer 7

Thank you!

Answer 8

You are welcome.