Question

What is the approximate amount of equal payments that Alexandra deposited at the beginning of every 3 months?

1) $375
2) $250
3) $500
4) $1000

Answer 1

The approximate amount of equal payments that Alexandra deposited at the beginning of every 3 months is $500.

Step-by-step explanation:

The approximate amount of equal payments that Alexandra deposited at the beginning of every 3 months is $500. We can determine this by analyzing the given table:

1. Alexandra deposited $1,000 at the beginning of the first 3 months.
2. For the second 3 months, she deposited $1,200, which is an increase of $200.
3. For the third 3 months, she deposited $1,500, which is again an increase of $300.

From this pattern, we can conclude that Alexandra is increasing her deposits by $200 every 3 months. Therefore, her initial deposit must be $500.