Answer:
y=425*250^1.083
Step-by-step explanation:
It wants to write an equation of that models the amount of money in the account each month for the first year.
We need the Exponential Equation Formula: y=a*bx
Y is the amount of money in the account.
a is the initial amount he starts with
b is the amount being added each month
x is the rate of return
So, y=425*2501.083
530 divided by 15 is 35.3
The first one because it’s (13(31)
Answer:
The final balance is $265.24.
The total compound interest is $25.24.
