Answer:
Tina would save the same amount using either option after 20 months.
With either option, Tina would save $700.
Step-by-step explanation:
This problem can be modeled by a first order equation:
Where Tina's saved money after n months is:
S(n) = S(0) + rn, where S(0) is the money put away initially and r is how much she saves every month.
The first option is to put $500 away initially and save $10 every month, so:
![S_{1}(n) = 500 + 10n](https://tex.z-dn.net/?f=S_%7B1%7D%28n%29%20%3D%20500%20%2B%2010n)
The second option is to put $100 away initially and save $30 every month, so:
![S_{2}(n) = 100 + 30n](https://tex.z-dn.net/?f=S_%7B2%7D%28n%29%20%3D%20100%20%2B%2030n)
After how many months would Tina save the same amount using either option?
It will happen at the month n in which
, so:
![S_{1}(n) = S_{2}(n)](https://tex.z-dn.net/?f=S_%7B1%7D%28n%29%20%3D%20S_%7B2%7D%28n%29)
500 + 10n = 100 + 30n
500 - 100 = 30 - 10n
400 = 20n
20n = 400
![n = \frac{400}{20}](https://tex.z-dn.net/?f=n%20%3D%20%5Cfrac%7B400%7D%7B20%7D)
n = 20.
Tina would save the same amount using either option after 20 months.
How much would she save with either option?
We can choose
or
, since they are equal
![S_{1}(20) = 500 + 10(20) = 500 + 200 = 700](https://tex.z-dn.net/?f=S_%7B1%7D%2820%29%20%3D%20500%20%2B%2010%2820%29%20%3D%20500%20%2B%20200%20%3D%20700)
With either option, Tina would save $700.