Question

A woman deposits 100 EUR in her daughter's bank account on her first birthday. On every subsequent birthday, she deposits 10 EUR more than she deposited the previous year, so on her second birthday, she deposits 110 EUR, and on her third birthday she deposits 120 EUR.
By the time her daughter is 21 years old, how much money has been deposited in her account?

Answer 1

Answer:

By the time her daughter is 21 years old 300 EUR will have been deposited into the account.

Step-by-step explanation:

Since a woman deposits 100 EUR in her daughter's bank account on her first birthday, and on every subsequent birthday, she deposits 10 EUR more than she deposited the previous year, so on her second birthday, she deposits 110 EUR, and on her third birthday she deposits 120 EUR, to determine, by the time her daughter is 21 years old, how much money has been deposited in her account, the following calculation must be performed:

100 + (20 x 10) = X

100 + 200 = X

300 = X

Therefore, by the time her daughter is 21 years old 300 EUR will have been deposited into the account.