A student follows two saving plans: Plan A: She saves ₹500 in the first month and…
MATHEMATICS · Multi-part · A Level · Mathematics · Sequences and series · Sequences and series
Problem
A student follows two saving plans:
Plan A: She saves ₹500 in the first month and increases her saving by ₹20 every month.
Plan B: She saves ₹400 in the first month and increases her saving by ₹30 every month.
Answer the following for a 12-month period.
(i) Calculate the total amount saved in Plan A.
(ii) Calculate the total amount saved in Plan B.
(iii) State which plan gives the greater total saving after 12 months.