# Heuristic Math: Make a Systematic List

How would you interpret this question:

"Ricky opens a bank account with initial deposit of 2000 dollars. For every month, with maintaining balance of 5000 dollars or more, an interest of 2.5% will be added. An additional 1.2% for every 2000 dollars if exceeds to the maintaining balance. For the first 3 months, he maintained the required minimum balance to obtain the interest every month. The following months he deposited 1500 dollars every month. How many months required to have an outstanding balance of $18526?

*round off your answers to nearest one (truncate the decimal values)"

I've gotten the following answers:

10 Months - $18,458

9 Months - $19,456

10 Months - $18,756

Still, I think my answers are not correct. How do you guys understand the question and what is/are your answer/s?

- unanswered
- 139 views
- Pro Bono

### Related Questions

- Let $(X, ||\cdot||)$ be a normed space. Let $\{x_n\}$ and $\{y_n\}$ be two Cauchy sequences in X. Show that the seqience Show that the sequence $λ_n = ||x_n − y_n|| $ converges.
- How many balanced lists of n left and n right parentheses are there?
- Uniform convergence of functions
- Recursive Set
- real analysis
- real analysis
- Prove that $\frac{d \lambda}{d \mu} = \frac{d \lambda}{d \nu} \frac{d \nu}{d \mu}$ for $\sigma$-finite measures $\mu,\nu, \lambda$.
- Discete Math

Questions at this level should come with a bounty.