subject
Mathematics, 11.02.2022 03:10 jambunny26

Mr. Cheung set up an account in an investment company at the beginning of this year. He makes an investment on the first day of each month. He invested $4000 in the first month and increased the monthly investment by 5% in each subsequent month. (a) How much will he invest in the last month of this year?

(b) Find the total amount that he will invest in this year.

(c) If the monthly return on his investment is 3%, find the total amount that he will get at the end of the year.

The photo attached states the answer, I require the steps to it, thank you.


Mr. Cheung set up an account in an investment company at the beginning of this year. He makes an in

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 22:20
Factor the polynomial. b^2 + 4b + 4
Answers: 2
question
Mathematics, 21.06.2019 22:30
Sum of the interior angles of a pentagon
Answers: 2
question
Mathematics, 22.06.2019 01:00
Arrange the steps to solve this system of linear equations in the correct sequence. x + y = -2 2x – 3y = -9 tiles subtract 3x + 3y = -6 (obtained in step 1) from 2x – 3y = -9 (given) to solve for x. substitute the value of x in the first equation (x + y = -2) to get y = 1. the solution for the system of equations is (-3, 1). x = -15 the solution for the system of equations is (-15, 13). add 3x + 3y = -6 (obtained in step 1) to 2x – 3y = -9 (given), and solve for x. x = -3 substitute the value of x in the first equation (x + y = -2) to get y = 13. multiply the first equation by 3: 3(x + y) = 3(-2) 3x + 3y = -6.
Answers: 1
question
Mathematics, 22.06.2019 03:30
The monthly texting plan of all star cell is $11 per month and $0.25 per text. the monthly texting plan of top line cell is $14 per month and $0.15 per text. a student wants to set up a system of equations to find the number of texts for which the total monthly cost of the two companies is the same. he uses the variables x and y. he lets y represent the total monthly cost. what will x represent? x = number of texts x = cost of the total number of texts x = total monthly cost x = cost of each text
Answers: 1
You know the right answer?
Mr. Cheung set up an account in an investment company at the beginning of this year. He makes an inv...
Questions
question
Mathematics, 21.04.2021 14:00
question
English, 21.04.2021 14:00
question
Mathematics, 21.04.2021 14:00
question
English, 21.04.2021 14:00
Questions on the website: 13722361