In June, Cory beings to save money for a video game and a TV he wants to buy in December. He starts with $22. Each month he plans to save 10% more than the previous math. How much money will he have at the end of December?

3 answers

In July, Cory saves 10% more than $22, which is $2.20. So he has saved a total of $24.20 (22+2.20) by the end of July.

In August, Cory saves 10% more than $24.20, which is $2.42. So he has saved a total of $26.62 (24.20+2.42) by the end of August.

Cory continues saving 10% more than the previous month's savings each month until December.

By the end of September, Cory has saved $29.28.
By the end of October, Cory has saved $32.21.
By the end of November, Cory has saved $35.43.

Finally, by the end of December, Cory has saved a total of $38.97. This is the amount he will have to buy his video game and TV.
are you sure
Yes, the calculations are correct. Here's a breakdown:

- June: Cory saves $0, starting with $22
- July: Cory saves 10% more than $22, which is $2.20. He has a total of $24.20.
- August: Cory saves 10% more than $24.20, which is $2.42. He has a total of $26.62.
- September: Cory saves 10% more than $26.62, which is $2.66. He has a total of $29.28.
- October: Cory saves 10% more than $29.28, which is $2.93. He has a total of $32.21.
- November: Cory saves 10% more than $32.21, which is $3.22. He has a total of $35.43.
- December: Cory saves 10% more than $35.43, which is $3.54. He has a total of $38.97.

Therefore, Cory will have saved $38.97 by the end of December.