You open up a savings account. Your initial deposit is $300. You plan to add in $50 per month to sav

Discussion in 'Calculator Requests' started by math_celebrity, Apr 23, 2021.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    You open up a savings account. Your initial deposit is $300. You plan to add in $50 per month to save up for college. Write an equation to represent the situation.

    Let m be the number of months. We have a Savings account function S(m):
    S(m) = Monthly deposit * number of months + Initial Deposit
    S(m) = 50m + 300
     

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