Saving 9

An amount if $ 2000 is invested at an interest of 5% per month. if $ 200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount have accumulated first exceed $ 42000.

Result

n =  42

Solution:

Solution in text n =
Solution in text n = : Nr. 1
Solution in text n = : Nr. 1
Solution in text n = : Nr. 1
Solution in text n = : Nr. 1
Solution in text n = : Nr. 1
Solution in text n = : Nr. 1
Solution in text n = : Nr. 1
Solution in text n = : Nr. 1
Solution in text n = : Nr. 1
Solution in text n = : Nr. 1

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