Question

If my saving x$ grows 10% every year how much will I have in:
1 year
2 year
5 year

Answer 1

$1.1x, $1.21x, $1.61x

Explanation:

Answer 2

`1.1x, 1.21x, 1.61051x`

Explanation:

If you saving grows
`10 \%` every year, then your saving is
`1.1\\` times your saving from last year. Therefore, after one year, you will have
`1.1x\\`, then after
`2` years, you will have
`(1.1)^2 \cdot x=1.21x`, then after
`5` years, you will have
`(1.1)^5 \cdot x = 1.61051x`.