EVER WONDER HOW MUCH WOULD BE IN YOUR BANK ACCOUNTAFTER 2 YEARS IF YOU DEPOSITED $100 IN THE 1ST MONTHAND INCREASED EACH MONTHLY DEPOSIT BY $30?
Jan ’14 Feb ’14 Mar ’14 Apr ’14 May ’14 Jun ’14
$100 $130 $160 $190 $220 $250
In the 1st 6 months of ‘07, your bank account would have:
100 + 130 + 160 + 190 + 220 + 250 = 1050
Over 2 years you would have to add 24 numbers up. UGH!
For any arithmetic sequence, there will be a high and lowand these 2 numbers will always average out.