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Mr. Cruz gave his daughter Php 1, 800 on her 10th birthday and intends to increase this by Php 500 each year. How much will the daughter receive on her 18th birthday? If the daughter had started saving all the money she received starting on her 10th birthday, how much money will she save after her 18th birthday?
Let's consider the fact that this amount increases by 500 which is multiplied each year. With 1800 being the base amount given to her at the start the only thing you need to worry about is the 500 pesos multiplied each year. With that in mind in her 18 birthday she should receive 5800. If she had saved all of it, by adding all of it up she should have 32300 pesos.
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