Question

Brad has 10,000 in the bank and saves $225 each month. Write an equation to compute how much money Brad has saved. Let y be the amount he has saved, and let x be the time in months. Then determine how much money he will have in six months.

Answer 1

The equation is
y = $10,000+ $225x

$225 (6) + $10,000 = y

$1,350 + $10,000 = y

$11,350 = y

He will have saved $11,350 dollars in six months.