Regina’s teacher recently gave her a homework assignment on solving equations. Since she has been thinking about saving for a ne
w cell phone, she decided to use the assignment as an opportunity to model a savings plan.
She created this equation to model the situation. In it, y represents the total amount saved for the new cell phone, 74 is the amount of money she has now, 40 is the amount of money she saves each month for the phone, and x represents the number of months since she started saving a regular amount:
74 + 40x = y.
She then solved the equation to determine how many months she’d need to save to have enough to purchase the new cell phone. Review her work, and select the error.
She created this equation to model the situation. In it, y represents the total amount saved for the new cell phone, 74 is the amount of money she has now, 40 is the amount of money she saves each month for the phone, and x represents the number of months since she started saving a regular amount:
74 + 40x = y.
She then solved the equation to determine how many months she’d need to save to have enough to purchase the new cell phone. Review her work, and select the error.
2 answers:
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Answer:
a)
b) 5464 inhabitants.
Step-by-step explanation:
The formula used for compound interest becomes very helpful in this case.
Knowing this, we can easily calculate the value for any year, counting from the original 5000.
From this formula, we can derive a specific one that will serve for any value of <em>t</em>.
a)
b) Apply the formula:
The town will have 5464 inhabitants.