Question 1029856: I am needing the formula to solve my problem. Starting day one, you have $10,000. Each day $1000 is added..10,11,12,13 and so on, until day 365. What is the total amount accumulated from day 1 to dat 365?
Thank you
Found 2 solutions by Fombitz, ikleyn:
Answer by Fombitz(32388)   (Show Source):
Answer by ikleyn(52778)  (Show Source):
You can put this solution on YOUR website! .
I am needing the formula to solve my problem. Starting day one, you have $10,000. Each day $1000 is added..10,11,12,13 and so on,
until day 365. What is the total amount accumulated from day 1 to dat 365?
Thank you
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Arithmetic progression with the first term 10000 and the common difference 1000.
You are asked about its 365-th term. It is
10000 + (365-1)*10000 = 10000 + 364*1000.
You can learn on arithmetic progressions from the lesson Arithmetic progressions in this site.
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Question: when the first $1000 came? On the day 1 (one) or on the day 2 (two)? It is not clear from the condition.
My solution assumes that the first $1000 came on the day 2.
The other tutor assumed it came on the day 1.
This uncertainty goes from your condition.
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