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Mathematics 8 Online
OpenStudy (yuii):

http://prntscr.com/dfp2eg

OpenStudy (chrishogan):

Would you like my help again? :)

OpenStudy (yuii):

Please.

OpenStudy (chrishogan):

So 100 is our starting value, we get a general increase each month, a multiplier. So it's increase 1.5 EACH month so second month he'll earn \[$100*1.5=$150\]

OpenStudy (chrishogan):

So that means Month|Balance 1 | $100(1.5)=150 2 | $150(1.5)=225 3 | $225(1.5)=??? 4 | $???(1.5)=??? 5 | $???(1.5)=???

OpenStudy (yuii):

The third one is 337.5

OpenStudy (chrishogan):

Correct.

OpenStudy (yuii):

So it's 337.5?

OpenStudy (chrishogan):

Nope nope, We're trying to find the 5th month, not the 3rd.

OpenStudy (yuii):

Oh right, sorry.

OpenStudy (chrishogan):

An easier way to do this is set up our equation. a=amount m=months untill goal \[a(m)=$100*1.5^{m}\] which equals \[a(4)=$100*1.5^{(4)}\]\[a(4)=$100*5.0625\]\[a(4)=$506.25\]

OpenStudy (chrishogan):

If you need help on anymore do @ChrisHogan

OpenStudy (yuii):

Im sorry but I'm busy right now.

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