Enrique R.

asked • 04/02/17

explicit formula problem

Malcolm's parents put $1,200 into a savings account when he was born in 2006. every birthday, Malcolm's parents deposit 10% more than the previous year.
Determine the explicit formula for the situation, assuming a(sub)0=2006
 
How much money is deposited into Malcolm's account in 2010, 2014, 2018, and 2022?
 
How much money do Malcolms parents contribute the year he turns 18?
 
What is the total  amount of money Malcolm's parents have saved up at the end of 18 years?

1 Expert Answer

By:

Kenneth S. answered • 04/02/17

Algebra II EXPERT will help you survive & prosper

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.