1. **Problem Statement:**
A pair of parents start investing $2000 in year 1 and increase the deposit by 10% each year.
(a) Find the amount invested in the 19th year.
(b) Find the total amount invested over 19 years.
2. **Formula and Explanation:**
This is a geometric sequence where the first term $a_1 = 2000$ and the common ratio $r = 1 + 0.10 = 1.10$.
- The amount invested in year $n$ is given by:
$$a_n = a_1 \times r^{n-1}$$
- The total amount invested over $n$ years is the sum of the geometric series:
$$S_n = a_1 \times \frac{r^n - 1}{r - 1}$$
3. **Calculate the amount invested in the 19th year:**
$$a_{19} = 2000 \times 1.10^{18}$$
Calculate $1.10^{18}$:
$$1.10^{18} \approx 5.5599$$
So,
$$a_{19} = 2000 \times 5.5599 = 11119.8$$
4. **Calculate the total amount invested over 19 years:**
$$S_{19} = 2000 \times \frac{1.10^{19} - 1}{1.10 - 1}$$
Calculate $1.10^{19}$:
$$1.10^{19} \approx 6.1159$$
So,
$$S_{19} = 2000 \times \frac{6.1159 - 1}{0.10} = 2000 \times \frac{5.1159}{0.10} = 2000 \times 51.159 = 102318$$
5. **Final answers:**
- Amount invested in the 19th year: **11119.8**
- Total amount invested over 19 years: **102318**
Investment Growth
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