How Much Will Adam Have After 5 Years of Deposits?

  • Context: MHB 
  • Thread starter Thread starter Abdullah Qureshi
  • Start date Start date
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Discussion Overview

The discussion revolves around the calculation of the total amount Adam will have after making annual deposits of \$1000 for 5 years, without any specified interest rate or additional context regarding the deposits.

Discussion Character

  • Homework-related, Mathematical reasoning

Main Points Raised

  • Some participants interpret the problem as a straightforward calculation of total deposits, suggesting that after 5 years, Adam would have \$5000 if no interest is considered.
  • One participant questions the clarity of the initial post, indicating that it lacks a clear question and emphasizes the need for a specific inquiry.
  • Another participant simply states the multiplication of the annual deposit by the number of years as a potential solution.

Areas of Agreement / Disagreement

There is no consensus on the clarity of the initial question, and while some participants agree on the calculation of total deposits, the lack of interest complicates the discussion.

Contextual Notes

The discussion does not address any assumptions regarding interest rates or the implications of compounding, which may affect the total amount if considered.

Abdullah Qureshi
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Adam puts \$1000 in the bank at the end of each year for 5 years?

rate is not giving nor inertest.

how to slove this
 
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Abdullah Qureshi said:
Adam puts \$1000 in the bank at the end of each year for 5 years?

rate is not giving nor inertest.

how to slove this

That statement is not a question. Solve what?
 
So 5x1000?
 
So far Abdullah Qureshi has only put a question mark at the end of a statement. There is no question!

IF the question is "How much money will there be after 5 years?" then, yes, after 5 years, putting in \$1000 each year with no interest, there will be 5x \$1000= \$5000.
 

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