Question

When my son was born I opened his bank account with $365

dollars and then I put a $1/day in his bank account. Write an
equation for how much money my son has.

Answer 1

To calculate how much money your son has in his bank account, use the equation Amount = Initial amount + (Daily contribution x Number of days). If he has had the account for one year, he would have $730 in his bank account.

Step-by-step explanation:

To find out how much money your son has, you can use the equation:

Amount = Initial amount + (Daily contribution x Number of days)

In this case, the initial amount is $365, the daily contribution is $1, and the number of days can vary depending on how long your son has had the bank account.

Let's say he has had the account for 365 days, which is equivalent to one year. Plugging these values into the equation, we get:

Amount = $365 + ($1 x 365) = $730

So, if your son has had the account for one year, he would have $730 in his bank account.