Nick opens a savings account with $50. Each week after, he deposits $15. He wants to save $500. Write and solve equation to find

Question

babymother [125]

3 years ago

15

Nick opens a savings account with $50. Each week after, he deposits $15. He wants to save $500. Write and solve equation to find

the number of weeks it will take him to save $500.

Mathematics

1 answer:

Alborosie · Answer 1 · 2022-09-11T07:16:24+03:00

Answer:

Equation: 500 = 50 + 15x

Step-by-step explanation:

where x is the number of weeks Nick will have to deposit $15 in order to accumulate $500, given that the first week he deposited $50.

500 = 50 + 15x

450 = 15x

x = 30

Now Nick will have to deposit $15 each week for 30 weeks. This is in addition to the $50 deposit he made week 1. So it will take him 31 total deposits to accumulate the $500.