Final answer:
To represent Bob's financial situation, we use the inequalities s ≥ 5000 for his savings being at least $5,000, and s > 3c to denote that his savings balance is greater than three times his checking balance.
Step-by-step explanation:
To model the situation described for Bob's savings and checking account balances using linear inequalities, we need to define variables for each type of account. Let's let s represent the savings account balance and c represent the checking account balance. The problem states two conditions relating these two variables:
- s ≥ $5,000: This represents that Bob has at least $5,000 in his savings account.
- s > 3c: Bob's savings balance is more than 3 times his checking balance.
Putting these together, we have the following system of inequalities to describe Bob's financial situation:
These inequalities can be used to analyze Bob's financial status and make decisions accordingly.