Question

The picture attached

Answer 1

Explanation:

m1 = 300

m2= 300(1+.05) = 300(1.05)

m3 = 300(1.05)(1.05)

m4= 300(1.05)(1.05)(1.05)

each subsequent month is the previous month times "1 + .05"

the "one" preserving the running total, and the extra ".05" adding the 5%

the repeating (1.05)(1.05)(1.05) is notational simplified using exponents

(1.05)(1.05)(1.05) =
`(1.05)^(3)`