Question

Paul opens a savings account with $350. He saves $150 per month. Assume that he does not withdraw money or make any additional deposits. what is a linear model equation?

Answer 1

I believe the equation is y=350+150x with y being the total amount of money in his account and x being the number of months..Paul starts with $350, which is the y-intercept (starting value) of the equation then the slope is 150 because his total savings increases by $150 for every month he saves without making any withdrawals. I apologize if I'm wrong but I hope this helps.