SOLUTION: George saves N$ 2 500 the first month and every two month thereafter N$ 650 more.
(i) How much will he save in the 16th month?
(ii) How much will h
Algebra.Com
Question 1024107: George saves N$ 2 500 the first month and every two month thereafter N$ 650 more.
(i) How much will he save in the 16th month?
(ii) How much will he have saved three years after the initial investment?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
George saves N$ 2 500 the first month and every two month thereafter N$ 650 more.
S(m) = 2500 + (m/2 -1)650
---------------------------
(i) How much will he save in the 16th month?
S(16) = 2500 + (8-1)*650
----------------------------------
(ii) How much will he have saved three years after the initial investment?
S(36) = 2500 + (18-1)650
--------------------
Cheers,
Stan H.
-------------
RELATED QUESTIONS
George saves 2500 the first month and every two month thereafter 650 more, How much will... (answered by stanbon)
a person saves 2500 per month and increases this by 650 after every two months how much... (answered by stanbon)
John saves $3500 the first month and every month later decreases it by $75.
a) How... (answered by dkppathak)
John saves N$650 the first month and every month later N$150 more. Lawrence saves two... (answered by Cromlix)
Samuel saves two cents the first month and every later he doubles the amount. How much... (answered by ikleyn)
Ken gives $500 of his salary to his parents. He spends $375 and saves the rest. If he... (answered by ikleyn,MathTherapy)
Leonard wants to save $100 in the next 2 months. He knows that in the second month he... (answered by Alan3354)
Sarah saves $400 the first month and every month later $45 more. John saves $4.35 the... (answered by ikleyn,greenestamps)
Mike's salary is $6,500 per month. He saves 15 of his monthly salary and spends the rest.
(answered by stanbon)