Answer:
At the end of May, the friends will have $496 with them.
Explanation:
This question is based on arithmetic sequence.
Here a1 =

a2 =

a3 =

So,

(a1=1, a2=2, a3=3, a4=4........)
The sum of the arithmetic sequence:


=>

=> an=31
Now putting the value of an in the sum formula:

dollars
So, at the end of May, they will have $496 with them.