Question

If $60 is put in an account that gets 7% per year, and I add $15 at the end of each year, how much will I have at the end if 8 years?

Answer 1

by rule answer can be found by using formula of a+ (n - 1) d .
Here ais 60×7/100. D is 15 . n is 8.
so 60×7/100+ (8-1) 15.
so ans is $42