# IB HL Maths Help !!!?

Each year a salesperson is paid a bonus of $2000 which is banked into the same account.
It earns a fixed rate of interest of 6% p.a with interest being paid annually. The amount at the end of each year in the account is:
A0 = 2000
A1= A0 * 1.06 +2000
A2 = A1 * 1.06 +2000 etc
Now the question is --> FIND...
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Each year a salesperson is paid a bonus of $2000 which is banked into the same account.

It earns a fixed rate of interest of 6% p.a with interest being paid annually. The amount at the end of each year in the account is:

A0 = 2000

A1= A0 * 1.06 +2000

A2 = A1 * 1.06 +2000 etc

Now the question is --> FIND the total bank balance after 10 years, assuming there are no fees or charges.

It earns a fixed rate of interest of 6% p.a with interest being paid annually. The amount at the end of each year in the account is:

A0 = 2000

A1= A0 * 1.06 +2000

A2 = A1 * 1.06 +2000 etc

Now the question is --> FIND the total bank balance after 10 years, assuming there are no fees or charges.

Update:
And also the answer in the back is

= 26361.59

= 26361.59

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