You have $ 10 in your bank account. It doubles every month. How much money will you have after 5 months ?

The problem states that you start with $10 in your bank account, and the money doubles every month. To calculate how much money you will have after 5 months, we can use the formula for exponential growth:

\[
\text{Amount after } n \text{ months} = P \times 2^n
\]

Where:
- $P$ is the initial amount, which is $10.
- $n$ is the number of months, which is 5 in this case.
- The doubling rate is represented by $2^n$.

Now, applying the formula:

\[
\text{Amount after 5 months} = 10 \times 2^5
\]

\[
= 10 \times 32 = 320
\]

So, you will have **$320** in your bank account after 5 months.

Would you like to see further details or have any questions?

### 5 Related Questions:
1. What if the money doubled every week instead of every month?
2. How much would you have after 10 months?
3. What is the general formula for exponential growth?
4. How long would it take for the money to reach $1,000?
5. What if the initial amount was $20 instead of $10?

### Tip:
Exponential growth increases rapidly after just a few periods, so small changes in time can result in much larger amounts.

You have $ 10 in your bank account. It doubles every month. How much money will you have after 5 months?

Learn how to calculate exponential growth when $10 doubles every month. Using the formula Amount after n months = P × 2^n, discover how much money you will have after 5 months. This step-by-step solution is perfect for students in Grades 6-8.

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