Question

Jerry is interested in saving money for college. He decided to open a savings account at his local bank. After his first month, he has $200 saved. Each month he hopes to increase his account by $50. Using your expression, what is the correct value of the savings account after 24 months?

Answer 1

$1400

Explanation:

We can say that let the total amount be represented by y

and let the number of months be x

given that he already had an amount of $200 already and he hopes to save $50 monthly

We can model his balance as

y=200+50x

also given tha x=24

put x= 24 in the expression for the total amount we have

y=200+50(24)

y=200+1200

y=1400