Question

4. Write an equation that describes the verbal description. Then, explain your thinking.

Teddy opens a new bank account by depositing the $245 he has saved from mowing lawns. He chose
this account because it will accrue 2% monthly and he wants to save up $2,000 for a car within a
couple of years.
P

Answer 1

245 +4.9m = 2000

Explanation:

so 245 is what he has and he puts it where he gets 2 percent monthly so 4.9 is 2 percent of 245. 2000 is there because that's how much he wants to save.