Question

Alvin opened a savings account. At the end of the first year, his savings account had $22,000. At the end of the second year, his savings had $19,000, and at the end of the third year, his savings had $16,000. Using the pattern, predict how much money Alvin will have in his savings account at the end of the fifth year. $10,000 $19,000 $13,000 $14,000

Answer 1

As we can see from the question, the pattern that emerges is that each year since the end of the second year, Alvin's account is being reduced by $3,000.

So, at the end of the third year his account is $19000-$3000=$16000

Likewise, at the end of the fourth year his account will have $16000-$3000=$13000

Thus at the end of the fifth year his account will have $13000-$3000=$10000

Therefore, from the given options, $10000 is the correct answer.