One of Nathan's New Year resolutions is to increase his bank savings.He plans to save ₱500.00 on the first month,₱1,000.00 on the second month and so on by adding ₱500.00 more of what he has saved in the preceding month.How much money will he be able to save in 12 months?
With solution po
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Answer:
PHP 39,000
Step-by-step explanation:
Given :
a1 = 500
d = 500
n = 12
Sn = ?
Formula : Sn = n/2 {2a1 + (n - 1)d
Solution :
Sn = 12/2 { 2(500) + ( 12 - 1 ) 500
Sn = 6 { 1000 + (11)500
Sn = 6 (1000 + 5500)
Sn = 6 ( 6500)
Sn = 39,000