Vince D.

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


Kenneth S. answered • 04/02/17

Algebra II EXPERT will help you survive & prosper

Vince D.

what does the 1.1 represent?


Kenneth S.

1.1 = 1 + 0.10  that is, multiplication by 1 just keeps the same value, but multiplication by 1.10 keeps the prior value but also incorporates the additional ten % of that prior value.


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