Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Andy and Rachel each opened a savings account on the same day. Andy started by putting $400 in his account, and he will deposit an additional $10 each week. Rachel made an initial deposit of $250, and she will add $40 more each week.

Sagot :

Based on the amount that both of them are depositing as well as their beginning balance, they will have the same amount after 5 weeks.

The formula to find out Andy's account after n weeks is:

= Beginning amount + Number of weeks x Amount deposited per week

= 400 + 10n

For Rachel it would be:

= 250 + 40n

Equate both of these to find the week they will be equal:

400 + 10n = 250 + 40n

400 - 250 = 40n - 10n

150 = 30n

n = 150/30

n = 5 weeks  

In conclusion, it will take 5 weeks for their balances to be equal.

Find out more at https://brainly.com/question/3529093.