Question

George invest $500 in his friend's startup company. his friend agrees to give him 8% of the original investment each year for the next 3 years. write a linear function for this situation.

Answer 1

The linear function for this situation is y = 40x, where y represents the amount George will receive each year for the next 3 years and x represents the year.

Step-by-step explanation:

To write a linear function for this situation, we need to determine the amount of money that George will receive each year for the next 3 years. Since his friend agrees to give him 8% of the original investment each year, the amount George will receive can be calculated as follows:

• Year 1: 8% of $500 = $40
• Year 2: 8% of $500 = $40
• Year 3: 8% of $500 = $40

Therefore, the linear function for this situation is y = 40x, where y represents the amount George will receive and x represents the year.