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20 August, 07:52

On Bianca's 5th birthday gift of $100 cash from her dad. Bianca's dad promises to double her money

yearly if Bianca plans to not spend money but instead deposit into "daddy's - super-saving - account".

Will Bianca be able to afford her dream car, a Mini Cooper worth $30,000 when she turns 16? Use words,

numbers, and tables to explain your answer.

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  1. 20 August, 08:02
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    Bianca would be able to afford her dream car conveniently when she turns 16.

    Step-by-step explanation:

    Bianca was 5 years and wish to project her savings for the next 11 years.

    On her 5th birthday, she saves $100

    Her dad promises to double her money yearly with respect to a condition. So that;

    On her 6th birthday, she would save $ 200

    On her 7th birthday, she would save $400

    On her 8th birthday, she would save $800

    On her 9th birthday, she would save $1600

    On her 10th birthday, she would save $ 3200

    On her 11th birthday, she would save $ 6400

    On her 12th birthday, she would save $12800

    On her 13th birthday, she would save $25600

    On her 14th birthday, she would save $51200

    On her 15th birthday, she would save $102400

    On her 16th birthday, she would save $204800

    When she turns 16, she would have a total sum of $409500.

    Therefore, Bianca would be able to afford her dream car conveniently when she turns 16.
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