John invests $2,975 at 4% interest compounded annually. What will be the balance in the account after 2.5 years?
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Total Cost = 250 + 60x is the equation that models the given situation
<em><u>Solution:</u></em>
Given that, Linda's start up cost for her online jewelery store was $250
She has to pay an additional $60 per month to keep it running
To find: Equation that models this situation
From given,
Start up cost = $ 250
Let "x" be the number of months she keeps the store running
Additional pay per month = $ 60
Thus, the total cost Linda spend to keep the store running is given as:
Total Cost = Startup cost + (Additional pay per month)(number of months)
Thus the equation that models the given situation is found