To calculate how much money Cory will have at the end of December, we need to determine how much he will save each month from June to December.
Starting with $20 in June, Cory will save:
June: $20
July: $20 + 10% of $20 = $20 + $2 = $22
August: $22 + 10% of $22 = $22 + $2.20 = $24.20
September: $24.20 + 10% of $24.20 = $24.20 + $2.42 = $26.62
October: $26.62 + 10% of $26.62 = $26.62 + $2.66 = $29.28
November: $29.28 + 10% of $29.28 = $29.28 + $2.93 = $32.21
December: $32.21 + 10% of $32.21 = $32.21 + $3.22 = $35.43
Therefore, Cory will have $35.43 at the end of December.
Question
In June, Cory begins to save money for a video game and a TV he wants to buy in December. He starts with $20. Each month he plans to save 10% more than the previous month. How much money will he have at the end of December?
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