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Let's make you some more money. If , in February, you earn another 2 % on your cash, how would you calculate the total amount
Let's make you some more money. If in February, you earn another on your cash, how would you calculate the total amount at the end of February? You already know that the amount at the end of January is $ $ To get from the end of January to the end of February, just use another multiplier!
$ $
Which is equivalent to:
$ $
In this last form, you see the effect of both multipliers on your original $ In fact, this form can help you find the total return over both months. The correct way to do this is by multiplying the two multipliers together: This means you earned in total over the month period.
Instructions
XP
Your starting cash, and the returns for January and February have been given.
Use them to calculate the January and February return multipliers: janmult and febmult.
Use those multipliers and startingcash to find your totalcash at the end of the two months.
Print totalcash to see how your money has grown!
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