Question

Write an equation to model the situation.2 Suppose you receive $100 for a graduation present, and you deposit it in a savings account.Then each week thereafter, you add $5 to the account but no interest is earned. The amount inthe account is a function of the number of weeks that have passed.Identify the variables in this situation: X=y=Write an equation to model the situation.

Answer 1

Suppose you receive $100 for a graduation present -> then, the initial value in the account is $100

Then each week thereafter, you add $5 to the account but no interest is earned. -> then, after 1 week you will have 100+5 = $105 .

after 2 weeks, you will have 105 + 5 = $110

and so on

this means that the variables are

Y = The amount in the account

X = the number of weeks that have passed

and the function that models this situation is:

`Y=5X+100`