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

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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) About Me  (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
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(i) How much will he save in the 16th month?
S(16) = 2500 + (8-1)*650
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(ii) How much will he have saved three years after the initial investment?
S(36) = 2500 + (18-1)650
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Cheers,
Stan H.
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