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 20:30
The cost of using a service is $0.25 per min. what equation correctly represents the total cost c, in dollars, for d days of use?
Answers: 2
question
Mathematics, 21.06.2019 20:30
Tom is the deli manager at a grocery store. he needs to schedule employee to staff the deli department for no more that 260 person-hours per week. tom has one part-time employee who works 20 person-hours per week. each full-time employee works 40 person-hours per week. write and inequality to determine n, the number of full-time employees tom may schedule, so that his employees work on more than 260 person-hours per week. graph the solution set to this inequality.
Answers: 2
question
Mathematics, 21.06.2019 20:40
Sh what is the value of x? ox= 2.25 x = 11.25 ox= x = 22 1 (2x + 10) seo - (6x + 1) -- nie
Answers: 3
question
Mathematics, 21.06.2019 22:50
Aclassroom is made up of 11 boys and 14 girls. the teacher has four main classroom responsibilities that she wants to hand out to four different students (one for each of the four students). if the teacher chooses 4 of the students at random, then what is the probability that the four students chosen to complete the responsibilities will be all boys?
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
Questions on the website: 13722365