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13 January, 15:46

Mike deposited $850 into the bank in July. From July to December, the amount of money he deposited into the bank increases by 25% per month. What's the total amount of money in his account after December? Round your answer to the nearest penny.

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  1. 13 January, 16:35
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    It should be $10,062.50 because if you multiply 850 and 25% (turn to decimal. 25) then you add 850 again and you get 10,062.50.
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Home » Mathematics » Mike deposited $850 into the bank in July. From July to December, the amount of money he deposited into the bank increases by 25% per month. What's the total amount of money in his account after December? Round your answer to the nearest penny.
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