Posted by **Amy** on Monday, September 5, 2011 at 3:51am.

invested 2000

gains 0.2 every odd numbered month

final value after first month?

i've tried solving this with a formula, but every formula i come up with is wrong.

Could someone tell me how to solve this and plug in the right numbers into a formula?

- Math -
**Reiny**, Monday, September 5, 2011 at 7:43am
Are we to assume that there is a 20% gain for every odd-numbered month and for the even-numbered months the investment stays constant?

Since the "first" month would be odd-numbered, the amount after the first month would simply be

2000(1.2) = 2400

the "formula" would simply be

amount = 2000(1 + .2)^1

- Math -
**Amy**, Monday, September 5, 2011 at 11:55am
for every even-numbered number month there is a 15% gain.

## Answer this Question

## Related Questions

- Math please help! - invested 2000 gains 0.2 every odd numbered month gains 0.15...
- MATH - invested 2000 gains 0.2 every odd numbered month gains 0.15 every even ...
- mathamatics - on december31, 1995, paul invested $2000 in a stock. his stocker ...
- Math - Grade 5 - After saving 4/5 of his salary every month, Zacky has $150 left...
- Algebra - Ray and Stella are both given jobs by the same company. Ray is to be ...
- Math Help Please! - My investment in Edgewater stocks is losing half its value ...
- business math - Please help me to solve the question below. An electrical ...
- Algebra - After one month at a new job you decide to save $50. Each month you ...
- Algebra 2 - After one month at a new job you decide to save $50. Each month you ...
- Growth model - Hello everyone. My task is to build a growth model for a company...