Question

AJ plans to put away money in a savings account every month, he puts $50 in the first month and plans to increase that amount by 5% every month. How much money will AJ have in the account after 6 months?

Answer 1

The corresponding equation would be y=50(1.05)^x

Simply replace x with 6. 
1.05^6=1.34009564.
1.34009564 times 50 is 67.004782.

67 d0ll@Z.