Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
Answer:
-The equation for this problem is:
y=50,000+20,000x
-The money in Sweet Sauce's account after July 31st is $190,000
-The money in the account after 2 years is $530,000.
Step-by-step explanation:
With the information provided, you can say that the money in the account would be equal to adding up the starting balance plus the profit per month for the number of months that have passed, which is:
y=50,000+20,000x, where:
y is the money in the account
x is the number of months that have passed
Now, to find the amount of money in the account after July 31st, you have to consider that this is the 7th month and you have to replace x with 7:
y=50,000+(20,000*7)
y=50,000+140,000
y=190,000
Also, to find the amount the amount of money in the account after 2 years, you have to consider that 2 years is equal to 24 months:
y=50,000+(20,000*24)
y=50,000+480,000
y=530,000
Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.
