Question

16. Aiden started a savings account with $250. He makes a deposit after he receives his

paycheck each month. After one month, he has $586. The next month the balance is $922.
The balance after the third month is $1,258. How much money will he have in his account
after 8 months?

Answer 1

Hi! In order to determine how much money Aiden will have in his account after 8 months, let's figure out how much he deposits each month.

He started with $250. After one month, he had $586; after two months, he had $922; after three months, he had $1,258. Each month, there is a gain of $336.

Therefore, after four months, Aiden will have $1,594. After five months, he will have $1,930. After six months, he will have $2,266. After seven months, he will have $2,602. Finally, after eight months, he will have $2,938.

Hope this helps!