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Four friends: A, B, C and D decide to deposit money in a certain bank where money gets doubled every month. At the end of the second month, A withdraws $50 from the bank. At the end of the third month, B withdraws $50 from the bank. At the end of the fourth month, C withdraws $50 from the bank. At the end of the fifth month, D withdraws $50.016 from the bank. After the last withdrawal, their balance in the bank becomes zero. Calculate how much amount the four friends had collectively deposited in the bank?

Programming Aptitude MCQs

Four friends: A, B, C and D decide to deposit money in a certain bank where money gets doubled every month. At the end of the second month, A withdraws $50 from the bank. At the end of the third month, B withdraws $50 from the bank. At the end of the fourth month, C withdraws $50 from the bank. At the end of the fifth month, D withdraws $50.016 from the bank. After the last withdrawal, their balance in the bank becomes zero. Calculate how much amount the four friends had collectively deposited in the bank?

Answer

Correct Answer: $23.438

Explanation:

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