Question

Miguel deposits $2000 into a bank account that earns simple interest. He writes the expression 2000 + 2000(0.015)(t/12) to represent the value of the account after t months. Based on Miguel's expression, how much interest will the account earn in one month?

Answer 1

That means more money for miguel lol

Answer 2

2000(1+ t/800)

Explanation:

Convert the expression:

2000+ 2000*3/200* t/12

Factor the expression:

2000(1+3/200*t/12)

Reduce the number with the GREATEST COMMON FACTOR 3:

2000(1+1/200*t/4)

Multiply:

2000(1*t/800)

Solution: 2000(1+ t/800)