Question

fabiana decides to save the money she is earning from her after school job for college. she makes an initial contribution of 3000$ and each month deposits an additional $500. After one month she will have contributed $3500.A. white an equation for the nth term of the sequence B. how much money will she have contribute after 24 month

Answer 1

Answer:

A. Total Money Contributed after n months = $\ 3000 + \ (500\times n)$

B. Total Money Contributed after 24 months = $\ \ 15000$

Step-by-step explanation:

Given:

Initial contribution = $\ \ 3000$

each month contribution =$\ \ 500$

After 1 month contributed = $\ \ 3000 + \ \ 500 \times 1= \ \ 3500$

Solving for Part A

let n be the number of months

∴ Total Contribution after n months = Initial contribution + (each month contribution $\times$ Number of months = $\ \ 3000 + \ \ 500 \times n$

Solving for Part A

Now n= 24 months

∴ Total Contribution after 24 months = $\ \ 3000 + \ \ 500 \times 24 = \ \ 3000 + \ \ 12000= \ \ 15000$