Question

If my saving x$ grows 10% every year how much will I have in: 1 year 2 year 5 year

Answer 1

Answer:

$1.1x, 1.21x, 1.61051x$

Step-by-step explanation:

If you saving grows $10 \%$ every year, then your saving is $1.1$ times your saving from last year. Therefore, after one year, you will have $1.1x$, then after $2$ years, you will have $(1.1)^2 \cdot x=1.21x$, then after $5$ years, you will have $(1.1)^5 \cdot x = 1.61051x$.

Answer 2

Answer:

$1.1x, $1.21x, $1.61x

Step-by-step explanation: