Question

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 amountthe 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

Given:

The initial deposit is, P = $100.

The weekly deposit amount is, d = $5.

The objective is to model the situation as an equation with the variables x and y.