Wednesday, October 7, 2020

Deposit patterning problem

 

  1. Madame opened a savings account on September 1st and made an initial deposit right away and then added a certain amount to the account every two weeks.  The following table shows the account balance after each deposit has been made.  


Biweekly deposit

Balance ($)

1

250

2

375

3

500

4

625

 

  1. What was Madame's initial deposit, and how much money did she add to the account each deposit after that?

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