Question

8. Kyrie's New Year resolution is to save money.

His bank account started with $5,000 and his
plan is to save $650 each month. Write an
equation to represent this situation.
A. Identify the variables:
Iseon the
B. EQUATION:
C. How much does he have saved after 15
months?

Answer 1

Explanation:

A. Variables:

Let's denote:

S as the amount of money Kyrie has saved (in dollars)

t as the number of months that have passed since he started saving

B. Equation:

Since Kyrie starts with $5,000 and saves $650 each month, we can write the equation for his savings after t months as follows:

S = 5000 + 650t

C. After 15 months:

To find out how much Kyrie has saved after 15 months, we just need to substitute t = 15 into the equation we derived in part (B):

S = 5000 + 650(15) = 14,750

Therefore, Kyrie has saved $14,750 after 15 months.