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Popular Word Problems >

Larry has 10 dollars. The amount increases by 15% each year. How much money will larry have in 18 years

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Solution

Larryhas10dollars.Theamountincreasesby15%eachyear.Howmuchmoneywilllarryhavein18years

Solution

Amount:37
Solution steps
Translate the problem into an equation:A=10(1+0.15⋅18)
10(1+0.15⋅18)=37
Amount:37

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