FOR 5 MARKS (BASED ON SEQUENCES AND SERIES) A bank account, which pays no interest, is set up with an initial deposit of
Posted: Tue May 10, 2022 12:03 pm
FOR 5 MARKS (BASED ON SEQUENCES AND SERIES)
A bank account, which pays no interest, is set up with an
initial deposit of £2000. After a year has passed, £360 is added to
the account. After each subsequent year, an amount of money is
added to the account that is £60 more than the amount added the
previous year. Work out how much money is in the account after 25
years.
A bank account, which pays no interest, is set up with an
initial deposit of £2000. After a year has passed, £360 is added to
the account. After each subsequent year, an amount of money is
added to the account that is £60 more than the amount added the
previous year. Work out how much money is in the account after 25
years.