(c) A woman deposited Ksh.4,000 in a savings scheme in the first month. Thereafter she increased her deposits by Ksh.400 per month for fifty months. Determine the: (1) last amount deposited; total amount saved in the fifty months.
(c) A woman deposited Ksh.4,000 in a savings scheme in the first month. Thereafter she increased her deposits by Ksh.400 per month for fifty months. Determine the: (1) last amount deposited; total amount saved in the fifty months.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 18E
Related questions
Question
![20124
A woman deposited Ksh.4,000 in a savings scheme in the first month. Thereafter she
increased her deposits by Ksh.400 per month for fifty months. Determine the:
(1) last amount deposited;
(ii)
total amount saved in the fifty months.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F90774d22-8514-40c1-8dc2-66d01a04411b%2F6b906b09-83d1-4c7d-b20b-20ce44479d14%2Fh4dk5a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:20124
A woman deposited Ksh.4,000 in a savings scheme in the first month. Thereafter she
increased her deposits by Ksh.400 per month for fifty months. Determine the:
(1) last amount deposited;
(ii)
total amount saved in the fifty months.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781305115545/9781305115545_smallCoverImage.gif)
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781337282291/9781337282291_smallCoverImage.gif)
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781305115545/9781305115545_smallCoverImage.gif)
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781337282291/9781337282291_smallCoverImage.gif)
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![Functions and Change: A Modeling Approach to Coll…](https://www.bartleby.com/isbn_cover_images/9781337111348/9781337111348_smallCoverImage.gif)
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning