Mathematics

15 June, 23:28

I'm more sophisticated than my little sister so I save my money in a bank account that pays me 3% interest on the money in the account at the end of each month. (If I take my money out before the end of the month, I don't earn any interest for the month.) I started the account with $50 that I got for my birthday. Create a mathematical model of the amount of money I will have in the account after m months.

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