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laiz [17]
3 years ago
10

Gizmo is investing in TikTok stock. He plans on adding an additional $250 at the end of every year and the expected monthly rate

of return is 8.3% of the amount invested, calculated at the end of the month. If he starts with $425 in the account, write an equation that models the amount of money in the account each month for the first year.
Mathematics
2 answers:
Nikitich [7]3 years ago
8 0

Answer:

y=425*250^1.083

Step-by-step explanation:

It wants to write an equation of that models the amount of money in the account each month for the first year.

We need the Exponential Equation Formula: y=a*bx

Y is the amount of money in the account.

a is the initial amount he starts with

b is the amount being added each month

x is the rate of return

So, y=425*2501.083

swat323 years ago
7 0

Answer:

huh

Step-by-step explanation:

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