Give the step-by-step reasoning process and then the final answer. Lilith is trying to break the world record for largest cap collection. She collects 3 caps per month in the first year, and 5 caps per month after the first year. Each Christmas, she also receives 40 caps from friends and family. She estimates that each year, she loses 15 of the caps she has collected. If Lilith has been collecting for 5 years, how many caps has she collected so far?
In the first year, Lilith collects 3 caps * 12 months = 36 caps. Every year afterwards, she collects 5 caps * 12 months = 60 caps. She does this for a total of 5 – 1 = 4 years. This is a total of 60 caps * 4 years = 240 caps. In total, she collects 36 + 240 = 276 caps by herself. Over the Christmases, she receives 40 caps * 5 years = 200 caps from friends and family. She also loses 15 caps * 5 years = 75 caps over the years. She has therefore collected 276 + 200 – 75 = 401 caps.
The final answer: 401.