Problem of the Day


Lana invested $2500 in an account at the beginning of the year 1990 and withdrew all of the money in the account at the end of the year 2000. In even-numbered years, the value of the account increased by 21%. In odd-numbered years, the value of the account increased by 10%. Which of the following expressions is equal to the value of the account in dollars at the end of the year 2000?

A. 2500(1.1)^{17}
B. 2500(1.155)^{11}
C. 2500(1.1)^6(1.21)^5
D. 2500(1.31)^{11}
E. 2500(1.155)^{10}

Reveal Answer

Answer

[latexpage]

A. $2500(1.1)^{17}$

See the Solution

Comments are closed.