A student deposits Rs 100 in the first month of a saving scheme and each subsequent…
MATHEMATICS · Single correct · A Level · Mathematics · Sequences and series · Sequences and series
Problem
A student deposits Rs 100 in the first month of a saving scheme and each subsequent month deposits 1.5 times the amount of the previous month. What is the minimum number of months after which the total amount deposited exceeds Rs 10,000?
(a) 11
(b) 10
(c) 13
(d) 9