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drek231 [11]
3 years ago
7

Ron is saving money for college. Each month he deposits 10% of his net income plus

Mathematics
1 answer:
Wewaii [24]3 years ago
4 0

Answer:

$242

Step-by-step explanation:

His Gross income a month is $2400.

Now, we are told that his net income, after taxes have been taken out, is 80% of his gross income.

Thus;

Net income a month = 80% × 2400 = $1920

Now, Each month he deposits 10% of his net income plus an additional $50 into a savings account.

This means amount saved each month is = (10% × 1920) + 50 = 192 + 50 = $242

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The arithmetic sequence a; is defined by the formula:
Morgarella [4.7K]

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The sum of the first 650 terms of the given arithmetic sequence is 2,322,775

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