Question

A bank account has an initial balance of $450. The account holder deposits $125 every week. How many weeks (excluding any interest paid by the bank) to accumulate a principle balance of $2325?

Answer 1

It will take the account holder 15 weeks to come up with a principal balance of $2325.

How?

Principal Balance - Initial Balance: $2325 - $450 = $1875

The account holder needs $1875 more in order to come up with the total principal balance of $2325.

$1875 / Weekly Deposits: $1875 / $125 = 15 Weeks

Answer 2

I got 1 2 3 4 5 6 7 8 M's in my bank account. #gangganggang