3 years ago

What will we end up with when we substitute into the formula?

Mathematics

1 answer:

11Alexandr11 [23.1K]3 years ago

8 0

I can not understand it

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

mote1985 [20]

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 $(1.1)^5 \cdot x = 1.61051x$ .