number 15. maria deposited 2500 in an independent retirement account at her bank

label Mathematics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Dec 12th, 2014

B0 = 2500

Bn = 1.005 Bn-1+100

B1 = 1.005*2500+100

B2 =1.005(1.005*2500+100)+100

  = 1.0052*2500+1.005*100+100

B3 = 1.005(1.0052*2500+1.005*100+100)+100

= 1.0053*2500+1.0052*100+1.005*100+100

=2537.69+101.00+100.5+100 =2839.19

Dec 12th, 2014

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Dec 12th, 2014
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