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?
(1 point)
$154.31
$251.59
$228.72
$189.74
$228.72
To calculate this, we can break down the amount Cory saves each month:
June: $20
July: $20 * 1.10 = $22
August: $22 * 1.10 = $24.20
September: $24.20 * 1.10 = $26.62
October: $26.62 * 1.10 = $29.28
November: $29.28 * 1.10 = $32.21
December: $32.21 * 1.10 = $35.43
Adding all these amounts together, we get:
$20 + $22 + $24.20 + $26.62 + $29.28 + $32.21 + $35.43 = $190.74
Therefore, Cory will have $190.74 at the end of December.