Question

In January, you deposit $150 into your checking account. Every month after that, you deposit 10% more than you did the month before. How much did you deposit in August?
A)
$292.31
B)
$321.54

C)
$1432.08
D)
$1715.38

Answer 1

@vishweshshrimali5

Answer 2

Ohh so this time you are advertising a bank O.o ?

Answer 3

Just kidding.

Answer 4

lol

Answer 5

i got C but it says it's wrong

Answer 6

Okay . Lets see. Suppose I deposited $ 150 in Jan. . Then, I am going to deposit :

150 + 10% of 150 in February. Right ?

Answer 7

yes

Answer 8

Good. Similarly, in March I am going to deposit:

money I deposited in Feb + 10 % of money I deposited in Feb

Right ?

Answer 9

$292.31 is what i got

Answer 10

The final answer ?

Answer 11

January = 150.

10% of 150 = 15.

February = 165

10% of 165 = 16.5

March = 181.5

10% of 181.5 = 18.15

April = 199.65

10% of 199.65 = 19.965

May = 219.615

10% of 219.615 = 21.9615

June = 241.5765

10% of 241.5765 = 24.15765

July = 265.73415

10% of 265.73415 = 26.573415

August = 292.307565

Answer 12

You got it @babygirl121314

Answer 13

You are correct @babygirl121314 .

Answer 14

thanks for the help

Answer 15

No problem :)