Question

Currently, Jane has \$35000.00 in her bank. She plans on saving \$ 12000.00 every year, and depositing that into her bank account. Express the total money in dollars that she expects to have in her bank account as a function of number of years from now.

Answer 1

Answer: 12,000n

Explanation:

Jane want to save $12,000 every year.

Assuming there are n number of years, she would have saved:

= 12,000 * n

That therefore, is the total amount she would have given a certain number of years.

For instance, in 10 years she would have:

= 12,000 * n

= 12,000 * 10

= $120,000