Question

Solving Systems using tables

Mikayla put $212 in a savings account at the beginning of the year. At the end of each month, she withdrew $12 from her account. Mathew put $30 in his savings account at the beginning of the year. At the end of each month, he deposited $14 in his account. Let x represent the number of months which have passed and y represent the amount in each savings account.

A. Write an equation to represent the amount in Mikayla’s savings account.

B. Write an equation to represent the amount in Matthew’s savings account.

C. Below make an input-output tables that show the amount in each account for the first 8 months

D. When will Mikayla and Matthew have the same amount in their accounts?


Mikayla Matthew
X Y X Y
0 0
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8

Answer 1

i hope this helps

Explanation:

3% is the interest rate. Using the formula I=PRT, you can simply derive the rate by putting the given numbers in.

I = 450P = 3,000R = ?T = 5 Years

The equation now goes,450 = 3,000 * R * 5450 = 15,000 * R450/15,000 = R0.03 = R

multiply it by 100,

R = 3%