Question

Clayton has $500 in his retirement account, and Jason has $400 in his. Clayton is adding $10 per day, whereas Jason is contributing $12 per day. Eventually, the two accounts will contain the same amount. What balance will each account have?

Answer 1

Answer:

$1000

Step-by-step explanation:

We can form an equation for Clayton's account: C = 500 + 10x

We can form an equation for Clayton's account:  J = 400 +12x  

(where x is the number of days)

When the two accounts will contain the same amount, it means: C = J

<=> 500 + 10x  = 400 +12x  

<=> x =50

After 50 days, there accounts will be balance. Then, we substitue x into any of the 2 equation to find out the amount: 500 + 10(50) = $1000