The saving plan is an illustration of linear equations.
Jerome did not make any error in his calculations
The equation is represented as;

Where:
x represents the number of months
The following steps are used to determine Jerome's error(s)
Given

Addition property: Add -500 to both sides

Simplify

Division property: Divide both sides by 375

Simplify

Substitution: Substitute 3500 for y

Simplify

The steps above show that: <em>He did not make any mistake</em>
Read more about linear equations at:
brainly.com/question/2263981