Question

Jay has saved $5,000. He will deposit & save an additional $250 per month. What function can be used to find y, the total amount in Jay's saving account after x number of months

Please help

Answer 1

y=250x+5000

Explanation:

y is the amount of money Jay has in his bank account. Since he is depositing 5000 that means all that money goes into his bank account. he also mentioned he will deposit 250 every month. Since x represents months, 250x is the way to write it in an equation.